Will Bitcoin Die Because of China? - page 48.

SirLancelot

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Quote from: xanxus.kun on September 25, 2017, 09:16:02 PM

No, they might be a big contributor in bitcoin but i doubt that bitcoin will die just because of one powerful country. China may have huge influence in bitcoin and can create heavy impact on the market but just like before Bitcoin will rise and survive.

Yeah that would be the last option for them if they firmly stand on their decision of banning bitcoins in their countries. Things are not much easy as they seem, so nothing can make bitcoin die.

It is decentralized, neither China nor USA or any country can kill it. Yes, there would be strong effect on the price of bitcoin but eventually no death at all.

Tukang Becak

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In fact the price soon returns to the level before there is a banned chinese statement bitcoin, I think we do not have to worry and fear the Chinese government banned bitcoin because users from outside China are more dominant.

Argoo

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Rather, China will die without bitcoin than bitcoin without China. The latest news indicates that after the 19th Party Conference of China, held on October 18, the crypto currency will again be renewed in China. By this, the government recognizes its impotence before spreading the crypto currency around the world.

Bagaji

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Well, if china eventually ban bictoin and other crypto currency, i don't think the effect will that be much on the market value of bitcoin any more, since we have already seeing the level of their impact on the crypto currency at the time they ban ICO activities.

An0nyMoose

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Yes China has an influence, but it is diminishing as there is a lot of volume that used to come from China but now since their ban, not so much yet the price is still the same.

YTBitcoin

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Quote from: A1exander on September 25, 2017, 08:57:30 AM

I agree, bitcoin definitely cannot die of a single country (however big) banning it. Price may dip, mining difficulty may decrease (if China bans mining), but it will recover.

First of all, China has a great market share in crypto as well as real world. It would be much better to say that it rules both of them. The political moves made by China really bring the downfall in prices of all digital currencies. The banning of ICOs and exchanges spread chaos among the community and ultimately many people did panic selling out but it cannot kill bitcoins and I am sure Chinese are still into digital gold.

setupbounds

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Quote from: RamBahadur.Gurung on September 19, 2017, 09:09:06 AM

Now the prices have stabilized at around $4,000 per coin, and I am quite happy with the end results. The past few days have proven that China is not capable of destroying the Bitcoin. A 10% decline in the exchange rates doesn't mean anything. We will be touching $5,000 per coin in just a few weeks time.

China is nothing and this debate is not compatible that bitcoin dies without chine how can it be possible. China has investors but bitcoin is surviving without china. And china did wrong to himself he cut down his own way to progress more using bitcoins. They will lag behind the world and will regret about their decision.

shivansps

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I think after china India will emerge as new bitcoin market.I have seen many indians startup in blockchain

mallboat

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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?

All I can say is NO bitcoin will not die because of China the rumors of banning bitcoin to china affect a bit the value of bitcoin because of the rumors in bitcoin but as a whole it cannot kill bitcoin.

kpcian

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I don't think so...
time and tide wait for none, so nothing is dependent on a single factor. I believe that Chinese people have a vast capital of Bitcoin but it should not consider that without China Bitcoin will die. if you have a little information about the Bitcoin market then you may know that at present Japan is the country which has the major share of Bitcoin capital. that is called market. ownership can be shifted but it will not die anymore.

dkyle21

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No the price may somehow fall down to a completely low value but the use of bitcoin will never die. There are many countries aside from China that uses and already legalized bitcoin, and I still believe in them.

0Pirats0

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Of course not. In the world there are many more countries that support bitcoin and are interested in its development. But I do not think that China will keep the ban for a long time, since the Chinese are also interested in earning money with bitcoins.

ipanks

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i don't think bitcoin will die because of china, there is more country we can spread news about bitcoin. if somehow china is refuse to accepting bitcoin, then i think its fine and we can still continue the journey and i hope that in one day china will sad because of their decision. we don't have to be worried if china leave us, bitcoin is not just in china and many country will accepting bitcoin.

AndriyPilipyak

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btc have covered already many countries,and Japan accepted bitcoin like currency-i think its impossible

Black Angel

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No need to worry, I'm sure without china bitcoin will continue to rise the proof is today the bitcoin is stable at the price of $ 3900 and has never dropped below $ 3700. this is evidence that users outside of China are more dominant.

Aulian Hazet

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hah just joined, there are posts like this. . hopefully bitcoin nothing happened

hua_hui

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Bitcoin is meant to be decentralised. So it is for everyone. China made up of 1billion of people which is 1/4 ~ 1/5 of the world population. So definitely China can create quite a huge impact on bitcoin. However, that does not means that bitcoin will die. We still have 3/4 of the world population that we can tap on. For example, japan is taking on bitcoin and trying to incorporate to their daily lives. On the other hand, korea is warmly welcome to take on bitcoin where more uprising exchanges are coming from them.

Rajamuda

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I don't think so at all, indeed some recent news coming from China looks like weakening Bitcoin and lowering bitcoin prices in recent days ago, but i don't think Bitcoin will ever die just because of the incident. Although bitcoin prices are easily influenced by many things but i'm sure the bitcoin price will increasing again in the next time, we know bitcoin is still on the development and will be more in the maturity again and the value will still continue to increase in the future.

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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?

No! Probably not. I don't think Bitcoin will die just because of one country that implemented banning of Bitcoins. Bitcoin will still skyrocket without China though it plays a big role in the market but I am not convinced about the concern of death of Bitcoin when one or even five countries ban Bitcoin totally. It might be their biggest mistake of cracking down those crypto exchanges instead of regulating them as the government will still collect tax on it. These countries will soon realize that they have a wrong move towards modern digital investments. They're just wasting peoples opportunity to invest in cryptocurrency. But I know one day they will open the gate for crypto again.

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Quote from: imsotiredofmoviereboots on September 26, 2017, 01:25:47 AM

This is very ridiculous. Bitcoin deos not need China if they don't want bitcoin to be part of their economy. Just wait a couple of months and btc will rise again.

There is no doubt that Bitcoin can survive without China. But there will be a lot of impact. Very soon, China is going to overtake the United States as the largest economy in the globe. It will be better if Bitcoins are permitted there. If that doesn't happen, then it can negatively impact the exchange rates.

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