Will Bitcoin Die Because of China? - page 44.

franco123

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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 agree in this argument. Yes for sure it will affect the Bitcoin performance in a negative way. But that does not mean that Bitcoin will die. In my opinion, Bitcoin will drop to lower price again way the same as 5 years ago. However, this is an opportunity to invest again in Bitcoin at lower price and there is a big chance for the price to come back or even higher than today.

What will greatly affect affect Bitcoin than China is the Korea because there are rumors that the government is planning to ban Bitcoin.

gulshan1

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If any body is thinking that bitcoin will die because of chin. It means he has a small thinking for this business. bitcoin have a world wide supply which is not depend on a single country. it is not manipulating from of particular people of group.yes it can effect some where little bit to the market trend for short time not for long time. china is supporting to bitcoin at high level but it can not die to bitcoin if china ban to bitcoin.

dhas

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Quote from: HatakeKakashi on September 09, 2017, 11:44:11 PM

Bitcoin will not die even china ban exchanges or IcO or what ever. Because bitcoin is for world wide .if china not use bitcoin anymore yes they have effect ban not big. Because many country also use bitcoin or crypto currency . Even bitcoin price decrease for sure it will recover again because many people buy again bitcoin if they see the price decrease because they want to earn money. Bitcoin will not di!.

Exactly, the ban of BTC in china is not yet the end of the journey of the bitcoin. It just one, of the many struggle that BTC will overcome. Since BTC is known world wide there' s other investor from diffent country will surely invest in BTC. Especially when this digital society are starting to make name in the market.

Maria_Martin

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Chinese government has returned back, wherein bitcoin and cryptocurrency trades are unregulated, unverified, and private. Anyway I don´t think what Bitcoin will die because of China..

DoublerHunter

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Quote from: abyaby123 on October 02, 2017, 04:00:44 AM

Initial reports from Chinese media that the government plans to close down domestic cryptocurrency exchanges have seen the virtual coin shed more than $100 since Friday. Bloomberg and the Wall Street Journal also reported Monday that that the country is planning to shut down digital currency exchanges.

That news is just a FUD and not all the news that you are seeing in the internet is true because most of them are just FUD that the whales are planning to make the price of bitcoin to go down so they can buy a lot of cheap coins and once the price of bitcoin goes down very hard then that is the time for the bull run which is already happening right now based on the chart.

abyaby123

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Initial reports from Chinese media that the government plans to close down domestic cryptocurrency exchanges have seen the virtual coin shed more than $100 since Friday. Bloomberg and the Wall Street Journal also reported Monday that that the country is planning to shut down digital currency exchanges.

commanderbitcoin

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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?

Cryptocurrency can still go on without china because there are still many countries that has an optimistic views regarding cyptocurrency. As you can see now, climbing back from where it stop. This is just one of the bumps of bitcoin and after a month or two it will go back and climb again.

bossgucci

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Quote from: hackzang12 on October 02, 2017, 03:04:27 AM

a part of bitcoin price will decrease. if China continues to ban Bitcoin or any crypto currency, bitcoin price will be affected. let's make sure that China will able to adopt the entire bitcoin blockchain.

Mate it is not decreasing anymore it is now nearly 4300 dollars worth. China is nothing for me they can ban all the things they want. Bitcoin is unstable and it can rise and fall.

So now is it is not dying it is rising actually, but if more countries will ban then bitcoin would be lost.

princesskim01

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I think bitcoin wont shutdown because of china's banning of ico. maybe they are just thinkin of ways to regulate or forming a new law on their region so that their people can use it.

Ludmilla_rose1995

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I think influenced from china to bitcoin is big. but it will not make bitcoin die. although chinese providers are the largest bitcoin, there are still some countries that provide bitcoin in large scale as well. so bitcoin will never die even if the price goes down

innocent_one

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I don't think Bitcoin will because of China or any other country which bans ICO regulations.
The only way Bitcoin can is global shut down of Internet access or each and every country's government bans Bitcoin. , Both of these possibilities are hypothetical that is cannot happen in any time.

SimonJones

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And now it's thriving. China will eventually come around and start using Bitcoin again.

hackzang12

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a part of bitcoin price will decrease. if China continues to ban Bitcoin or any crypto currency, bitcoin price will be affected. let's make sure that China will able to adopt the entire bitcoin blockchain.

Uilnis

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You can see that bitcoin is now rising so it will not die because of China. Many people thought that it would die these are weak people who don't know anything about bitcoin.

Bitcoin takes patience and skills. You can make money with investing in a few years. You can make money in a few months if you are lucky and the prices rise high.

Trivelius

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Quote from: AjithBtc on September 30, 2017, 09:24:38 AM

Quote from: cryptothreads on September 30, 2017, 09:16:51 AM

Quote from: colenax on September 30, 2017, 08:58:35 AM

so great is the influence of china on the crypto world, not apart from bitcoin. but bitcoin can still survive in a significant transition decline. but bitcoin can survive and balance at the lowest level. now the bitcoin rises again. china is not a problem for bitcoin.

I agree with you . China no longer dominates the market as the Chinese government's ban has led many Bitcoin owners to sell everything to secure their profits. I think this is really good for us because we do not need China

That's a wrong thinking, because if China hasn't contributed to bitcoin we could have not reached such a big growth that we're experiencing at present. So I wish China need to be active in the market, but should not make any negative impacts.

Bitcoin can’t handle and depend on one country other it will rise by adding country in their range but not that country make bitcoin spreading power go down that’s why my answer will be no bitcoin cant die because of china rejection. There is lot of countries where bitcoin is going to legalized and I know that will happened one day.

BusyBeaverHP

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Quote from: jakoylantern on September 29, 2017, 08:50:30 AM

For me Bitcoin will not die because of China, China just can’t control bitcoin can’t track and they just want to create another Cryptocurrency that they can control. But bitcoin prices decreased after china ban the bitcoin.

According to me and my answer will be no because china is not the only country in this world which have powers or have strong economic power there is also many countries if they allow bitcoin and legal bitcoin then the bitcoin will rise. Bitcoin is not dependent on china only it depend on all over the world because bitcoin is everywhere in this world.

mroth7684

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Quote from: lionheart78 on October 01, 2017, 05:37:25 AM

Bitcoin does not need China in order to survive. If you look at the globe, China is juat one coutry among the possible country that will embrace and accept Bitcoin. Even if China bans Bitcoin eternally, there is still Japan and Australia that opens its government to innovations. It will be a lost of China if they stay hostile to bitcoin, though I think China is just preparing its country for a massive adoption of Bitcoin and its technology.

agree with you. and now Japan is become the largest bitcoin market in the world. replace China. and Korea will over China soon

IanRidgwell

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Quote from: lionheart78 on October 01, 2017, 05:37:25 AM

Bitcoin does not need China in order to survive. If you look at the globe, China is juat one coutry among the possible country that will embrace and accept Bitcoin. Even if China bans Bitcoin eternally, there is still Japan and Australia that opens its government to innovations. It will be a lost of China if they stay hostile to bitcoin, though I think China is just preparing its country for a massive adoption of Bitcoin and its technology.

I don’t think bitcoin will die because there is a lot of countries who are pending and take time to accept bitcoin and may be that happened and the price of bitcoin will rise but a little bit the price of bitcoin is go down only due to the rejection of china about bitcoin when bitcoin was offered and they just can’t trust on bitcoin that’s why they refuse to it.

Badr

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Quote from: ProGamerJojo on October 01, 2017, 05:30:45 AM

China will be left out if they continue to go on with all these rounds of bans. The US govt. wasnt too quick to do the same and it was a wise decision. They know its better to let everyone know where they stand but still give enough space for cryptocurrencies to move for now, to observe and see what benefits it could bring to them and their people. Shocked

I think on 1 June the price of bitcoin reach to $2400 and which is good for bitcoin but when bitcoin was offered to china then china need some time to answer and then they answer that they cant legal bitcoin because of some reasons which cause sudden impact on the price of bitcoin around the whole world and which show a bad relation of china and bitcoin.

donGeilo

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There are definitely a huge numbers of bitcoin miners in China but this is not going to affect Bitcoins in any way . Bitcoins are here to stay for a long time . We can all see that in the past few days bitcoin market value has again gone up despite its China controversy . There are still many countries which supports bitcoins which is leading to its high volatility and popularity .
So ban in China or any other country is not going to affect so much that bitcoins will not survive as its result.

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