With constant speculation about the value of bitcoin, China claiming to ban exchanges of bitcoin, and some banks trying to create their own blockchains for their countries, What will happen to bitcoin if this become true? Will it be still used ? will it not be worthy anymore ?
It's really impossible as of this moment wherein its market value is way far from its price before. And since the market value of Bitcoin increased of course its coummunity also grew. And we all know that its community is responsible for the demand that Bitcoin is having. So even if China banned Bitcoin, there's still a large community that will demand for it so its price won't fall really hard. I hope you get my point. 
Topic: Will bitcoin get back to it's first time value? - page 5. (Read 2942 times)
Even though banks make their own blockchain they can not even overturn the bitcoins this is the truth. Because of the bitcoins they still depend on, Bitcoins are being used all over the world and that only applies here is a bank that covers only one country even though people can donate here not to lose the volume of their money. because the whole world has put money into Bitcoins. So it is also very impossible that bitcoins are deprived and can not be used.
It will not happen anymore due to an increasing demand of bitcoin. It is more popular in different countries than before.
With constant speculation about the value of bitcoin, China claiming to ban exchanges of bitcoin, and some banks trying to create their own blockchains for their countries, What will happen to bitcoin if this become true? Will it be still used ? will it not be worthy anymore ?
It's hard to tell. Comparing the maeket value of Bitcoin from now and then, its current market value is way far than its market value before. China banning ICOs will surely affect Bitcoin negatively. We should expect for backdrops and downfalls on its market price. But it is quite impossible for its price to be back on its value 4 years from now because Bitcoin still has a large community that makes it still indemand which highly affects its market value to not decrease too much.
I dont think it will happen. Bitcoin is very established right now and we all know that our future require a technology like bitcoin and definitely bitcoin is the most potential currency that canw be used. If you are doubting because of china blocking the ICO, well the deflation of bitcoin value is happening but definitely it does not last even for a month or a week.
Why are we constantly afraid of Chinese policy? The fact says that China is the largest bitcoin user, but the fact also says that bitcoin is created not only for China.
If China blocks bitcoin, people in other countries will still use it, the price will drop it for sure. But remember, there are only 21 million bitcoins in the world, and that would be a rarity (if you understand what I mean)
If China blocks bitcoin, people in other countries will still use it, the price will drop it for sure. But remember, there are only 21 million bitcoins in the world, and that would be a rarity (if you understand what I mean)
I think it will not drop down to its first time value , andDthat would be so surprising. Bitcoin as of the moment is still on its growth , a lot of country could be not into this industry but majority are leaning in to this business already. A lot of country is legalizing and cultivating this industry. Plenty of potential ahead. I say bitcoin doesnt even reach its peak yet. And with the drop down concern or issue or drop down to its first time value i think the chances are very low. And if it will , well better if they could have a reasonable explanation.
In your dreams... In the first days Bitcoin was worthless. Also, several factors make it impossible for Bitcoin to go back to those values, one of them is that there is a high cost to produce a single Bitcoin.
Bitcoin is no more dependent on china as earlier when chinese dominated the bitcoin trading and bitcoin mining together.They manipulated price as they wished.But now things have changed totally upside down.Bitcoin is getting legalized in many countries and mass adoption is taking place all over the world.more people all over the world are getting awareness about bitcoin.They all have found bitcoin to be a huge return giving investment.Bitcoin has investor base now globally.So,chinese ban would only have a very small effect on bitcoin price.Thats why we saw bitcoin price falling to $4000 after china banning ICOs immediately recovered due to strong buy wall and now its $4228.
I think that BTC will drop low relative to the current all time high at the time, but not to the level as when it started, which was a few cents or even a few dollars. That would crumble the BTC market cap and cryptocurrency market cap. It would also just be way too easy for people to buy in and I doubt that would happen. I think that it will go up way high, and then drop to lows that are still relatively high.
With constant speculation about the value of bitcoin, China claiming to ban exchanges of bitcoin, and some banks trying to create their own blockchains for their countries, What will happen to bitcoin if this become true? Will it be still used ? will it not be worthy anymore ?
With some 10 million individuals using Bitcoins, there is a limit up to which the prices can fall. IMO, even in a catastrophic scenario, the prices can't fall by more than 50%. I am saying this because I know that strong demand exists even now among the institutional and non-institutional buyers for Bitcoin. And they will use each and every dip as an opportunity to accumulate Bitcoins.
With constant speculation about the value of bitcoin, China claiming to ban exchanges of bitcoin, and some banks trying to create their own blockchains for their countries, What will happen to bitcoin if this become true? Will it be still used ? will it not be worthy anymore ?
It's possible but highly unlikely because there are many people who believe bitcoin's value will still rise even if there are hindrances along the way because we observe it in the past. Bitcoin's value always drop drastically in the past but eventually recovers and its not that popular yet. How much more nowadays when some stores are already using it, governments regulating it and make it as payment option for taxes then it would be hard to imagine its value drop down very low or become worthless.
There are other digital currencies as an option but then bitcoin is the most popular, highly used and has the biggest market cap in all digital currencies and there are altcoins to whom developers claim to supersede bitcoin but it did not happen yet. As long as we continue to use and support bitcoin then it would not be worthless.
I think NO, its first value is about $1200 and that was very low compared to the price now. The current price of bitcoin was doubled and there is a big possibility to triple its price. It will never be back again to its first value because it is also more popular to people.
I do not think it's possible that Bitcoin's value goes back to its first value, even though the Chinese government is currently heavily blocking in their country. while China is blocking, maybe bitcoin is developing in other countries.
I think that it’s possible for Bitcoin to get back to its original value since the people that are holding Bitcoin are trying to make money from it. If Bitcoin gets up to a high price I think that there will be a major dump that will cause the value of Bitcoin to fall down to more than 90% of its value overnight. The price may recover from that, that’s when more money will be put into Bitcoin because of the strength of the market.Going back into the market should be pretty nice when there is a lot of opportunities to make money.
With constant speculation about the value of bitcoin, China claiming to ban exchanges of bitcoin, and some banks trying to create their own blockchains for their countries, What will happen to bitcoin if this become true? Will it be still used ? will it not be worthy anymore ?
I dont think that Bitcoin go down to the level of its first value because it is already established and though China ban the exchanges in their country Crypto world will not stop to be visible because China is not the only country who patronize Bitcoin it is used all over the world.
With constant speculation about the value of bitcoin, China claiming to ban exchanges of bitcoin, and some banks trying to create their own blockchains for their countries, What will happen to bitcoin if this become true? Will it be still used ? will it not be worthy anymore ?
Nope, I really don't think so. Because bitcoin has proven itself all over the years that it can withstand any adversities and overcome them while being better afterwards. And I sure am going to choose to put my money on something that has more experience. And I don't think anyone in the right state of mind would do otherwise. But then again, nothing is sure when it comes to cryptos, so we'll just have to wait and see.
With constant speculation about the value of bitcoin, China claiming to ban exchanges of bitcoin, and some banks trying to create their own blockchains for their countries, What will happen to bitcoin if this become true? Will it be still used ? will it not be worthy anymore ?
I think it will not affect bitcoin price or will not drop very much by that. And ibitcoin value will not go back to its first time value just because the China ban the exchanges of bitcoin. And many other countries well legalize and will not ban it. Even though the price of value fluctuates and drop down but it will not drop up to the first value. And also because of the demand in the market they will not let it happen 
i think for what's going on in china not bring some big impact on bitcoin, coz its price already became stable again, right? and bitcoin is still developing in many country too. It price would still goes up 
No that won't happen. Although if it drops down to the same price as it was when it first started a lot of people will buy bitcoin however there are also people that may think if bitcoin is still a good investment. In reality it will not drop down to the same price but due to high volatility it may drop 1k usd then rise back up again.
The CHINA ban is just FUD, so ignore that. People spread these rumours to manipulate the price and to cause panic. When
the price drops, they buy coins at cheap price. On banks creating their own Blockchains, you should know that there are a
big difference between a PUBIC Blockchain like Bitcoin and these permissioned PRIVATE Blockchains that are being created
by banks. These Blockchains are centralized and based on a failed model. {Fiat}
the price drops, they buy coins at cheap price. On banks creating their own Blockchains, you should know that there are a
big difference between a PUBIC Blockchain like Bitcoin and these permissioned PRIVATE Blockchains that are being created
by banks. These Blockchains are centralized and based on a failed model. {Fiat}
Of course these are all part of the show and many are trap with these BS and they sell their bitcoin in a non profitable price. China wants to manipulate us as well as creating their own exchange. The ICO banning is for temporary only, when they already bought their specific target of low price bitcoin they'll remove the ban and make some hypes to pump the price of bitcoin. So wise of them.
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