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Topic: Will Bitcoin Die Because of China? - page 52. (Read 14399 times)

sr. member
Activity: 951
Merit: 250
September 25, 2017, 05:04:32 AM
also have effects because they are so many investor interested to bitcoin that country the bitcoin slightly down but I know bitcoin recovery for the right time.
yes i agree it is only affected but not nescesary that it will go down because of it.it is only an speculation.to make people panic but indeed china will buy a lot of bitcoin and sell it on the next month or maybe a year.i guess they are so smart.
full member
Activity: 358
Merit: 108
September 25, 2017, 04:50:32 AM
also have effects because they are so many investor interested to bitcoin that country the bitcoin slightly down but I know bitcoin recovery for the right time.
sr. member
Activity: 553
Merit: 250
September 25, 2017, 04:15:01 AM
Why do people think too much about china? rest assured all will be normal with or without china, besides chinese users also will not easy to leave bitcoin, they will keep keep because bitcoin can be keep in web wallet.
sr. member
Activity: 308
Merit: 250
September 25, 2017, 04:14:05 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?
Replace Bitcoin with "X" if China suddenly went out of its way to ban cars, or the internet, or anything - will it die. I don't think so. Because china has such a large percentage of the worlds population, and is such an economic powerhouse, it certainly won't help much, but BTC will cary on. In any case - China is more likely to want to control and regulate crypto than to have a lasting ban IMO.
hero member
Activity: 2618
Merit: 548
DGbet.fun - Crypto Sportsbook
September 25, 2017, 04:12:24 AM
Bitcoin made by the Japanese citizens ie Mr. Satoshi Nakamoto, but uniquely the biggest user is china, I do not think it would have much effect because bitcoin is already globally known.
Bitcoin hasn't gained a big global awareness among the world population. Slowly it has been getting spread as more people love to have the simplest form of transaction. Secondly till the perfect identity of Satoshi is not yet revealed, so I don't think that he is from Japan. China's influence on the global digital currency market is big and this will continue for a longer time until more countries make them involved into bitcoin usage.
full member
Activity: 131
Merit: 100
September 25, 2017, 04:11:16 AM
Bitcoin can develop without China. There are still a lot of people in the world who have not even heard about it and China's ban will not affect the development of the crypto currency.
member
Activity: 66
Merit: 10
September 25, 2017, 04:08:18 AM

well, maybe bitcoin will be gradually destroyed and will be replaced with coins made in china
full member
Activity: 510
Merit: 100
September 25, 2017, 04:07:02 AM

bitcoin will always rise though without china. even though the current bitcoin is down but it is only temporary. bitcoin will rise and keep growing
full member
Activity: 246
Merit: 100
September 25, 2017, 04:00:27 AM
Absolutely right becuase now bitcoin is big falling down just for china fact i think but i ignored this fake news and everyone should just avoid this stupidity news.I believe Bitcoin back to the previous destination.
full member
Activity: 274
Merit: 100
September 25, 2017, 03:28:30 AM
Charles Lee's announcement that the ban won't exchange to mining and the network itself - this is major. If mining and network operations were banned in China it would hit bitcoin HARD. The biggest issue is for miners to get their money out - they're mining for bitcoin without an exchange to cash out. I mean, they will find a way, it won't be THAT hard, especially for the more tech orientated, but I assume whatever they'll be doing will be technically considered illegal? I don't know, still a bit of a grey area, but as logn as the mining lives then we should be good.
sr. member
Activity: 573
Merit: 251
September 25, 2017, 03:25:31 AM
Bitcoin made by the Japanese citizens ie Mr. Satoshi Nakamoto, but uniquely the biggest user is china, I do not think it would have much effect because bitcoin is already globally known.
member
Activity: 94
Merit: 10
September 25, 2017, 02:57:11 AM
I don't think so. It's true that China have a huge marketplace for crypto currency. But bitcoin will not die for China. There are many country whome like bitcoin. Like Russia, Europe union, India, Australia etc. So don't worry for China.

I agree, because bitcoin is not a currency that would die because 1 country bans bitcoins. Bitcoin will keep rising and eventually china will accept that bitcoin is needed in their business and that is when bitcoin will grow a lot faster than anything else.
legendary
Activity: 1204
Merit: 1028
September 25, 2017, 02:54:33 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?

I think it is impossible because we all know that bitcoin in china isn't a big thing because even if in the past few days they banned and stop different transactions in bitcoin today I think the problem was overcome and resolve. And we all know that bitcoin is a very strong kind of digital currency. It will be a big thing in the future.
Of course you are right because a few days back Chinese government has imposed a ban on bitcoin just to control its price which resulted in the very low price of bit coins. Despite of all this bitcoins have retained their worth in the market so it is impossible that bitcoin will die because of China.
sr. member
Activity: 742
Merit: 251
September 21, 2017, 12:26:53 PM
obviously Not. Not only I know but also every know that it will not be happened. Because of Bitcoin is not depend at China. But it's true that Bitcoin in China has some effect on bitcoin banned. But it doesn't mean that after ban in china Bitcoin will die.
full member
Activity: 686
Merit: 102
September 21, 2017, 12:22:36 PM
I don't think so. It's true that China have a huge marketplace for crypto currency. But bitcoin will not die for China. There are many country whome like bitcoin. Like Russia, Europe union, India, Australia etc. So don't worry for China.
legendary
Activity: 1904
Merit: 1000
September 21, 2017, 11:18:58 AM
Even though China gave a big contribution on cryptocurrency especially with bitcoin, but without them bitcoin will not die. There are still plenty of countries which will support it. Indeed the price will be affected but it's just temporarily.
sr. member
Activity: 406
Merit: 250
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
September 21, 2017, 11:04:48 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?
cryptocurrency will still survive there are many other countries that support bitcoin.
so in my opinion no problem even though the effects of china still exist.
but still the bitcoin will last.
hero member
Activity: 544
Merit: 507
September 21, 2017, 10:59:27 AM
How can you think about it? you need to understand how Bitcoin works in order to know that even if bitcoin is not exchanged or mined in China it will prevail because its nature is to be DECENTRALIZED.

I just want them to lose control of the market so they cannot manipulate it and take advantage of people.

We need to focus on mainstream use of bitcoin and convince more people of its various uses.

TL;DR: No
newbie
Activity: 26
Merit: 0
September 21, 2017, 10:55:56 AM
The all negative actions of China against cryptocurrencies of course negatively influence to Bitcoin and market. But i think that talk about Death of Bitcoin it is not right, China is not the alone country on the Earth.The activity of China's government just shows us that blockchain technology works and do for what it was done. Let's see, how the situation with Bitcoin in China will proceed. What doesn't kill us makes us stronger.  Cool


kevin.
full member
Activity: 640
Merit: 104
September 21, 2017, 09:33:50 AM
of course not, chinese forbidding bitcoin in their country will not effect with bitcoin, even though they have the highest average bitcoin mining and they hope bitcoin will die because of it, this is the crazy thing they ever think about because it is very unlikely .
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