Will Bitcoin Die Because of China? - page 9.

missyqt29

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Activity: 434

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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 am not fully knowledgeable to what extent of the China's government to affect bitcoin. But the main and direct impact of this decision of their government is the fear or panic of all other users in different places because China has influence across markets and industries especially in the online businesses.

queenlaurel

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Activity: 182

Merit: 1

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

Bitcoin can not die because of china. If tbey have being controlling the higher part of bitcoin , that does not mean bitcoin will die. Other countries can get to be in charge. The more people are into cryptocurrency, the more we wont have to worry about bitcoin dieing.

felicita

legendary

Activity: 1582

Merit: 1031

China makes really much troubles to the bitcoin prize !
But also the massiv FUD news these year on 2018 brings low prizes !
but this is all good o buy in in Bitcoin a low prizes !

regards

Monette2k17

jr. member

Activity: 49

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No, Bitcoin and other crypto not only rely on china it is widely used in other nation it will not depend in china alone.

Ralphson

newbie

Activity: 67

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Bitcoin cannot die because of china banning cryptos..If china bans crypto,it doesn't prevent chinese from investing in cryptos.Serious investors can move to other countries to continue the game..Bitcoin is gradually gaining the attention of the whole world.New investors trooping in daily..No way BTC will die due to china..As a matter of fact,I see all these news from china as FUD..They just want to cause panic to bring market down in other that ,the whales can buy low..

Sexie

member

Activity: 420

Merit: 10

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?

Even though China will ban crypto currencies to its people. Bitcoin will not totally dies. Many countries like Germany , Japan , South Korea are using and adopt bitcoins. As long as there is an electricity and WiFi , norm one can stop using bitcoin as big companies all over the world involve to it. Yet , there are the ups and downs of bitcoin’s strategy and still normal to the long time users.

coinminerdotcom

jr. member

Activity: 108

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No one country will kill bitcoin. Only a more efficiently widely used coin will topple the giant. It is possible, but will take time and it wouldn't be any single country's policies that does so.

DustanPorter

newbie

Activity: 57

Merit: 0

This would not happen even if china ban bitcoin because china is not only the country that uses bitcoin now. And now bitcoin is really pumping so high so definitely bitcoin will be more progressive after the end of year 2018.

rainezerr401

member

Activity: 294

Merit: 10

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?

Bitcoin will not die because of china, because there a lot of different people nation wide who are still interested on cryptocurrency and it is the reason why this industry will not die even in the future.

burdagol12345

member

Activity: 294

Merit: 10

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?

Bitcoin will not die even without china,because the digital currency is not depends only on one continent,and its is supported from the investment coming from different nation like europe,australia, japan etc and many more countries,thats why bitcoin is not easily down,even without the support of china.so therefore virtual currency is not easily diminished even without the support of china.

67bd67bd

newbie

Activity: 63

Merit: 0

This is so absurd to even think about wiping out of bitcoin from the market forever. We all know that this is not possible in the near future not even in the distant. Bitcoin has a big support from investors. China or any other country cannot destroy bitcoin.

Tiklohor

member

Activity: 266

Merit: 10

Even if the Chinese make their national currency. They can not kill bitcoin! he will live for a long time. Hope so)

Liklopor

member

Activity: 126

Merit: 10

I think China will not be able to kill Bitcoin if China releases its national currency. Maybe prices will fall on tokens ... but that would kill bitcoin I strongly doubt

barabut

full member

Activity: 224

Merit: 100

How? think as the contributor and manipulator of the bitcoin is China and most of the bitcoin is producing by crypto mining in china, in my point of view it is not possible at least currently.

Gifolote

member

Activity: 308

Merit: 10

I think complete stupidity. Even if China releases its national crypto currency, bitcoin will live for a long time! China will not be able to kill bitcoin

Xester

hero member

Activity: 994

Merit: 544

Quote from: tayogpanganiban on February 20, 2018, 08:41:52 AM

China is not the one who controlled bitcoin so there's no reason that bitcoin will Die . Bitcoin decreases it's price everytime there are negative news from china but i don't think this will be the cause of death of bitcoin. There are still many countries that supported bitcoin even without this country.

Certainly. China is one of the biggest country in the world. Thus, we have presumption that many Chinese are using bitcoin and the ban made by their government will lessen bitcoin users. As we can see, price of bitcoin is currently going up. So definitely bitcoin will not die because of China.

denzkilim

full member

Activity: 1218

Merit: 105

Quote from: nankers on February 19, 2018, 01:50:19 PM

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?

for your last question the answer is YES. you can see, for now so many countries other than CHINA prohibit and banned any transaction that uses bitcoin as a means of payment. but whether the bitcoin is dead, of course not. the decline in bitcoin prices because of it, yes it is certain. but it does not make bitcoin disappear and die. internet and technology are the main factors of the existence of bitcoin in the world. so, as long as the internet exists I think bitcoin will still exist and will definitely grow in technology and system

Bitcoin is part of the future of money/currency and this kind of technology will never die and will continue. The younger generations this days are very wise and supportive to new kinds of technologies and innovation. Even if a lot of country will ban the usage of bitcoin and others forms of digital currency, they will surely not make this new technologies disappear with their actions. This is the digital era in our lives and we are lucky to be one of the first adopters of this technology. Cool

canque31

newbie

Activity: 154

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Quote from: tayogpanganiban on February 20, 2018, 08:41:52 AM

China is not the one who controlled bitcoin so there's no reason that bitcoin will Die . Bitcoin decreases it's price everytime there are negative news from china but i don't think this will be the cause of death of bitcoin. There are still many countries that supported bitcoin even without this country.

Bitcoin just won't rely on one country. There are still huge countries were Bitcoin is used. So it is impossible that Bitcoin will die because of China. As long as there are investors that invest in Bitcoin, it will survive.

tayogpanganiban

jr. member

Activity: 235

Merit: 1

The Pure Proof-of-Tansaction [POT]

China is not the one who controlled bitcoin so there's no reason that bitcoin will Die . Bitcoin decreases it's price everytime there are negative news from china but i don't think this will be the cause of death of bitcoin. There are still many countries that supported bitcoin even without this country.

mashino12

member

Activity: 273

Merit: 10

I think that bitcoin will be alive for a very long time . Its price will only grow . China will not be able to kill bitcoin .

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