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Topic: Will Bitcoin Die Because of China? - page 45. (Read 14399 times)

legendary
Activity: 2954
Merit: 1153
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.
full member
Activity: 196
Merit: 100
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
sr. member
Activity: 714
Merit: 261
October 01, 2017, 01:17:09 AM

Quote
Can cryptocurrency still go on and have a very optimistic future even without China as part of the equation?


Why does it even come to the china anyway? Agreed that they had role in the bitcoin mining on mass sca,e and they had more investors than anything else but look around you everything is still working just fine to me. There were little glitches in the bitcoin price but it sustained that stroke as well. With the Christmas coming we will see more investments and the bitcoin price will rise even more. Better keep the faith in bitcoin not in the china. No offence but the country is behind the race now and soon it will go off the radar. The more quickly that happens the easier it would be for us and bitcoin to capture the next goals. Cheers to china by the way.
full member
Activity: 336
Merit: 100
ELYSIAN | Pre-TGE 5.21.2018 | TGE 6.04.2018
September 30, 2017, 10:00:39 AM
As you've said,its a BIG NO! almost in all country,lots of people knows about Bitcoin. even if China will banned btc and all ico's,it will not die',it will just dump a little maybe but not much.
full member
Activity: 172
Merit: 100
September 30, 2017, 09:50:28 AM
Of course not! its price has already recovered.
sr. member
Activity: 568
Merit: 254
September 30, 2017, 09:46:25 AM


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, there is still a very optimistic future even without China. Remember that Japan embrace bitcoin with open hands. China is just one country in Asia. Bitcoin is also very popular in in neighbor countries like Taiwan, Philippines, Singapore, Malaysia Indonesia and many other countries in Asia. You should also consider  European countries, South and North Africa , Middle East, North and South America. China may have an impact on the price today,  but it will just become history later on.
newbie
Activity: 39
Merit: 0
September 30, 2017, 09:44:48 AM
No way... China never had nor will have any control over the majestic beast.. US understood that pretty early and best could do was to tax it when you convert to fiat.. and thats it. Bitcoin is too big now for any country to suppress it any attempt too suppress it would only boost its growth.
hero member
Activity: 1666
Merit: 502
September 30, 2017, 09:42:45 AM
actually i don't know why china do that. indeed the state ban on cryptcurrency will have a major impact especially if other countries start following a country that prohibits ico and the exchange.
full member
Activity: 196
Merit: 100
September 30, 2017, 09:37:31 AM
I too Think NO.
Because Bitcoin is life  Roll Eyes
full member
Activity: 197
Merit: 100
September 30, 2017, 09:36:23 AM


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?


Of Course Is BIG NO! We every on bitcoin never die. Yes We know Bitcoin big marketplace in china if china banned in exchange that time some bad affect for bitcoin bit its not die. Because not only china trade bitcoin and use it the world use bitcoin right now. China  don't leave form crypto currency the always with cryptocurrency. 

Some days ago we hear china and some of country Banned ICO in there country. after some days we hear again it's temporary but now what hear it will be end after October some of country.

Its my Opinion and is my only thinking Some of people and country wants to Money game from bitcoin for that they create a environment and temporary Bad affect for bitcoin after that the market price decrease and the got profit every time.  

legendary
Activity: 3164
Merit: 1127
Leading Crypto Sports Betting & Casino Platform
September 30, 2017, 09:26:15 AM

Can cryptocurrency still go on and have a very optimistic future even without China as part of the equation?

I think so, it's because China's ban on exchanges only affected 10% to 13% of traders within the global bitcoin trading market.

well it seems that in the future we will have good news coming from china, they are like a flea or a dog when it has a bone

" Virtual Currencies Expected to be Regulated in China on October 1st

Chinese media outlet Jinse.com has reported that laws governing the use of virtual currencies in China will be enacted on October 1st 2017. Jinse states that Chinese cryptocurrency regulations were incorporated into the nation’s “General Principles of the Civil Law of the People’s Republic of China” legislation, which was voted on and passed on March 15th.

"

I think this is really good for us because we do not need China

many miners are in China, unfortunately we still depend on china
sr. member
Activity: 1666
Merit: 276
Vave.com - Crypto Casino
September 30, 2017, 09:24:38 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.
member
Activity: 67
Merit: 10
September 30, 2017, 09:17:38 AM
No. Bitcoin will not die just because of China. There are a lot of country worldwide which uses bitcoin. At some point it will have an effect. But it is not permanent. Just like what happened last time, the value of bitcoin decrease. But as the time goes by, it increases. So there is nothing to worry about the China thing.
hero member
Activity: 1274
Merit: 500
September 30, 2017, 09:16:51 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
sr. member
Activity: 966
Merit: 275
September 30, 2017, 09:11:58 AM

Can cryptocurrency still go on and have a very optimistic future even without China as part of the equation?

I think so, it's because China's ban on exchanges only affected 10% to 13% of traders within the global bitcoin trading market.
sr. member
Activity: 644
Merit: 263
September 30, 2017, 09:11:07 AM
This is far fetched as we know that china is not the only contributing country into the market capitalisation of bitcoin that we are watching today. The bitcoin is having its own agenda and the Chinese having their own.  Cheesy
Both of them are completely different in sixth sense and will never get mixed up. Doesn't mattter really what china will do because they have "x" percentage of contribution which can be filled by us, the other countries. In long run everything will come to normal and we will see all those price spiking again.
full member
Activity: 376
Merit: 100
Bcnex - The Ultimate Blockchain Trading Platform
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.
full member
Activity: 812
Merit: 101
September 30, 2017, 08:55:50 AM
say "bitcoin will never die because of china" ,, the most favorable thing for chinese society is bitcoin ,,, a big source of income for china society is from bitcoin ,, lots of mining in every house because there electricity is so cheap ,, so used to mine bitcoin ,,
should the statement be "will china die of bitcoin"?
newbie
Activity: 53
Merit: 0
September 30, 2017, 08:51:58 AM
bitcoin will not die for sure. China is just 1 country. Bitcoin is all over the world
full member
Activity: 504
Merit: 106
September 30, 2017, 08:50:55 AM
NO! there might be a small dip in the valve but it wont die.After the dip there will be huge boom in its value. Ban by China will affect. Expect BTC to be around 4500$ by the end of 2017. 5.2k$ should be expected as a closing by the end of Jan 2018. 10k ? by the end of Jan 2019.
Yes pump and dump is the part of bitcoin if it dumps it doesn’t mean that it will end. Bitcoin will not die without china it is rising and now its 4kUSD and will soon touch 5000USD and then the profit rate will be attained and no one will complain or ask about its worth or say that it is dying so stay calm.
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