Will Bitcoin Die Because of China? - page 40.

visixom

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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?

I really agree with your statement, as chinese cookies only get a portion of the whole piece of cake, though the biggest contributor but if china does not participate, I am sure there is a country that will replace china. ICO's actual prohibition decisions to secure its citizens from fraud, so no problem.
because cryptocurrency must still grow even though not as fast as when chinese contribute in.
bitcoin never died

cybersofts

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As you can see now nothing will kill bitcoin no matter how big or small the country is, it will never kill bitcoin. The first time China plans to ban ICOs and cryptocurrency exchanges in the country everybody panics just like the end of the world, but that was obvious because bitcoin has currently show the world it's true potential in no time at all! Bitcoin is back stronger than ever like never seen before, fully recovered and ready to set the new all-time again once more Tongue

Vaskiy

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Among the Asian countries, China holds the majority of the market for digital currency. Just because of this, when some economic downfall in the country or some form of collapse happens in China, it directly affects the digital currency network. Based on the truth behind, I believe China will lead the network bridging the banking system along with digital currencies. China never lets or pave way for the bitcoin death.

Best Dreams

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Quote from: Granxis on October 05, 2017, 06:35:38 AM

Nobody understands what China wants to do, but certainly Bitcoin will remain strong without China. It is impossible for the Chinese to ban Bitcoin while the revenue from the sale of miner devices is so high. They have already banned companies.

Not at all it will never happen because some other countries like japan, Australia and some European countries have accepted bitcoin and there are some countries which are trying to accept bitcoin because bitcoin is playing a big role in their economy so there is no disadvantage of bitcoin in any country and to be honest when china banned bitcoin it become more strong and powerful than ever.

d.mas

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Everytime some new things comes up in the market, the well liked moves to where it cant be stopped so is the bitcoin. People are interested in the bitcoin cryptocurrency. Just because chinese governnment banned it doesnot mean there is no future of bitcoin and it will die. Even china cannot kill bitcoin because it is a worlwide network and there are many countries who approved it legally. Though china has forbit it, the price of bitcoin has not stopped to increase which clearly shows bitcoin has a bright future.

Kelvinid

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Quote from: Konthol Ngaceng on October 09, 2017, 09:58:39 AM

At first I was worried because china is the biggest user of bitcoin and thought the price would drop to under $ 1000, but after 2 weeks the issue I started not believing with the issue of banned and if true it did not affect the bitcoin price.

Just like me.I was quite worried also the first time I read this news.But as time passes by,I noticed there was no serious changes on the bitcoin price.Although we can't avoid its fluctuation,still the price is skyrocket.So now i am really definite,China will not bring bitcoin down.

gokudera

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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?

Definitely No, although China isa one of the biggest country on this world in area and power also. Chinese users are not the only one who are using bitcoin. So that it is not just as big deal to the economy of the bitcoin.

Konthol Ngaceng

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At first I was worried because china is the biggest user of bitcoin and thought the price would drop to under $ 1000, but after 2 weeks the issue I started not believing with the issue of banned and if true it did not affect the bitcoin price.

GregH37

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Quote from: Chachacoin17 on October 03, 2017, 10:44:22 AM

Quote from: Blackdeath on October 03, 2017, 10:11:11 AM

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?

Actually, Bitcoin will not die just because of China's banning of bitcoin exchange in their country. Yes there is really an instance that the action that has been done by China do have a negative effect on the bitcoin's price rate, still it is not enough to state that because of China's loss bitcoin will die. Because China was just a part of the big bitcoin community so still there will be a large percentage of users that can support bitcoin to continuously operate so that there is no possibility for bitcoin to die just because of China's loss.

Yes, definitely. I agree with you mate. Bitcoin will not die just because of China. As China bitcoin holders dump their bitcoin, some are buying it so it only fill in to China's loss. As price is going up again recently, this could only mean that people are not afraid even if China banned ICO and all negative issues release because no one can stop bitcoin. That's why the price still go up because many still use and buy it and sooner, it will soar up high.

Bitcoin is not slave of any region that if he will refuse then there will be no other way, bitcoin is such a versatile and it has variable nature so that it can adjust every region into it and Chinese did wrong to themselves and they will cry on the split milk when they will see the development they will regret about their shitty decision.

swscowods

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Quote from: Granxis on October 05, 2017, 06:35:38 AM

Nobody understands what China wants to do, but certainly Bitcoin will remain strong without China. It is impossible for the Chinese to ban Bitcoin while the revenue from the sale of miner devices is so high. They have already banned companies.

It is not even possible for China to do anything like that. China is not controlling bitcoin either directly or indirectly. So it hardly does matter whether Chinese are using bitcoin or not. It will not have that much effect on bitcoin that it will die in the future. Like you said, bitcoin does need the support of China to be strong enough. It can survive independently.

Kiweikoo

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Quote from: Denies on October 03, 2017, 11:18:58 AM

not proven at all, buddy
exactly I think otherwise, will china get in again and engage in bitcoin? they have failed in the bitcoin procurement plan. and korea catch up. it also does not show any results. so how, are they going to legalize it with very close time?

China never ever planned to kill bitcoin while it was one of the largest supporters of this digital currency. The entire step taken by that country including banning of ICOs and exchanges were basically political moves and the only intention was to save yaun and investors from frauds. Even if it had tried to kill bitcoin, it could never have done that.

Zenithar

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Quote from: Granxis on October 05, 2017, 06:35:38 AM

Nobody understands what China wants to do, but certainly Bitcoin will remain strong without China. It is impossible for the Chinese to ban Bitcoin while the revenue from the sale of miner devices is so high. They have already banned companies.

Unique quality of bitcoin is, not to be depended on someone i.e. a personality, country and community etc. Bitcoin has proved by urging nature undefeatable possession over the market despite speculation in surroundings. Love-full Chinese relation towards bitcoin has played a great role being a shield against their government sword. Nothing is going to happen something bad with bitcoin because of China

GimmerBot

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I don't think the Chinese ban on crypto exchanges (and ICOs) will have so much effect on bitcoin on the longer term. When the ban(s) happened, the price of bitcoin experienced a huge decrease, however, it almost recovered now (standing over $4,300, according to Coin Market Cap). In my opinion, what could really have a huge negative impact on bitcoin (and cryptocurrencies) if China would ban BTC mining in the country. But this is a step the government/regulators wouldn't make because it is nonsense.

Fuhre

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Simple, bitcoin will not die for anything!
Why?
Bitcoin created does not depend on anyone. Just because Chinese ban bitcoin then bitcoin will die just like that? I do not think so.
bitcoin will stay alive even if some countries banned it.

Md Saad

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i don't think so, without a country Bitcoin will not face any difficulties because bitcoin in not depended on a country. but it is true that china has a great influence regarding this issue. a lot of Chinese people are involved in this platform.
if any situation will come that all Chinese people intend to withdraw their investment then Bitcoin will face a sudden shock but after some days it will be shifted to other new investors. so that it will be fine after a couple of days.

BigBall

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No ,no and no,only China can die because of bitcoin .Bitcoin and other altcoin are too powerful to just die and that are facts and everybody should deal with that.Our world will be the world of cryptocurrencies not fiat money Wink

BillCoin

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Quote from: svendoto23 on October 05, 2017, 10:06:25 AM

I don't think bitcoin will perish if china bans it . Yeah they are a big contributor to improve the bitcoin industry but it doesn't mean that its the end of bitcoin if the china bans it on their region. Maybe the China is making some regulations or laws on how their people use it on their country.

I agree, I don;t think that they are going to ban it.
Anyway the big problem is going to happen if they are going to ban mining, although it is very difficult to make mining disappear from their country permanently, it is still possible for them to make the Hash Rate significantly decrease which may affect the network in a negative way.

svendoto23

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I don't think bitcoin will perish if china bans it . Yeah they are a big contributor to improve the bitcoin industry but it doesn't mean that its the end of bitcoin if the china bans it on their region. Maybe the China is making some regulations or laws on how their people use it on their country.

Jose Rizal

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Quote from: Sydneydexter on September 09, 2017, 11:44:25 PM

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.

China is one of the most influential country who established bitcoin togain popularity and we cannot deny the fact that it is also one of the best investor here in bitcoin in which when it rumoredly banned bitcoin, bitcoin's price deflated for almost 10% which triggered most of the forum users here as well as the investors because it is a huge loss and profit is not wasy to obtain, actually my clasamatws instantaneously convert their cryptos into our local currwncy cause they are afraid that they may lose so much.

Xervo

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Of course, China will not significantly affect the market of bitcoins in the long term. And those who invest and keep, should understand this and do not worry. In China, there are only 20% of traders of all kriptornka. Well and tembolee have already received news about the abolition of regulations on the part of China Wink

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