Will Steem and other cryptocurrencies Die without China support?

3년 전

The Chinese government ban on bitcoin exchanges was a big negative blow to the industry as a whole and resulted to decline of cryptocurrencies prices however as you can see, the market is gradually recovering according to coinmarket cap see link due to unity of people (like you and I)  that believe in what block chain technology stands for and thus are ready to take action in supporting the industry through their blogs, vlogs and investments. 

It will be a great thing to have the Chinese fully onboard the crypto space due to their huge market size however the community support and idea behind the block chain technology is bigger than one country –here are some points:


Pic source

  • The power of  Crowd: Facebook ( including Google) , for example, with its billions of members was not successful because of China. In fact , Facebook and Google are not even active in China however they are very successful because they offered the masses what they wanted-therefore there is nothing that will stop bitcoin and steem to be successful due to huge support from growing user base.


                                    

  • Unity : Steem and Bitcoin have a unified community ready to counterattack haters through their blog posts and videos and willingness to invest. This is significant and helped to bring back confidence in the market leading to gradual price recovery.  Moreover, some countries, examples Japan and South Korea including Estonia are increasing their support for block chain technology in order to be leaders in the market. Therefore even though as we witness cryptocurrency decline in an important market like china , we should note that the technology is new and evolving and will thus grow larger with our support and those people or countries sitting on the fence will certainly rush to join- when it is more expensive.


Conclusion : Steem , Bitcoin and other cryptocurrencies lost some value due to actions from industrial and governmental bodies who are worried that cryptocurrencies will lead to decline of their monopoly see my former blog post  for details . However the communities behind these cryptocurrencies are stronger and bigger than any haters and will rally around the coins throwing in their support in any way they can-which in return will lead to the longevity and success of the block chain technology as a whole.


Do you agree? Send in your comments and please would you up vote my post in order to send in your support, click follow in order to see future posts from me on your feed and resteem in order to share this post with your followers. 

Pls see my former post: Death Of Steem, Bitcoin , Etherium and all Cryptocurrencies ? Or The Ugly Face Of Big Government 

For those who want to be an investor in Bitcoin wallet see X coins link: https://xcoins.io/investors?r=v93e2z     

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i believe as an ecosystem we actually have more power than we can even imagine.

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Well said...I agree

Insightful points about Google and Facebook not being active in China. Last time I checked, those two companies are doing pretty well.

The crypto community is resilient from everything that I have seen. As the movie V for Vendetta pointed, it is impossible to kill an idea. Crypto is an idea that is becoming a vivid reality.

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wow good point from you, always...do you do ICO? if yes, which one is your top

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Have not participated in an ICO yet. The prices have yet to sustain ICO levels so I wait till a consolidation period happens to buy in.

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Hi @charles1, I see you have mentioned me.
This is automatic response so that I may respond to your mention later.

I think without China support cryptos will not die it is just a hurdle but in long run all cryptos will give good returns. I have seen this type of things in past now take them not serious.

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Good point, I agree. Thanks for your comment

No, cryptocurrency and bitcoin will survive without China, yes they were composed of majority of the general market cap but it cannot bring crypto and bitcoin down.

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Unity and big communty support is key

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Yes absolutely right, that is essential to the growth of cryptocurrencies.

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Good point

@OriginalWorks what do you think

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Bitcoin and Steem Never Die ;) In Crypto We Trust!

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Good point, I guess that you like steemit a lot isnt it and if yes, why?
below link will give you some info
https://steemit.com/investing/@charles1/why-you-should-stop-powering-down-and-rather-buy-more-steem-now

Another great post my friend ! Bitcoin will never die and steem will only get bigger ! It must haha , I need to get my little house built by Steem by next summer !! LOL! 💕💕💕✌👍 Upped and resteemed !

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Hahaha am sure that you will because steem price will shoot to the moon from next year ...I am sure that you are getting more steem isnt it? thanks a lot or your support

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I love your positive attitude my friend !! Thanks !👍✌💕

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👍✌💕 welcome...have you read about the updates?

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No ? What updates !?

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oh OK ! Been very busy .

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👍👍

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yes I read that post and commented ! Thanks !

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I know, I just wanted to remind you of the update..do you know when it will be done?

Very good morale booster and great point @chares1 blockchain is here to stay and with our unified support steem and btc will come up stronger... Thanks for sharing worthy of my upvote

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Good point, thanks for your comment

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Welcome as always... keep steeming

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👍👍

Cryptos are here to stay with China or without China.

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Good point @andre-verbrick I agree with you.
Which coins or ICOs are your best?

China is a force in the Crypto market

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I agree...thanks for your comment

Yes I agree absolutely! No wonder that they try to get rid of cryptos, since they are undermining any form of monopolistic authority.

I've seen many "panic-posts" lately about a collapse, but no, I don't think it will. Cryptos are revolutionary in many aspects. It won't disappear over night.

So when my this month paycheck arrives, I will get some more bitcoins.

I would share this article on my promotion journal, if that is okay for you. You can check out they idea by clicking the banner:

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Great, I upvoted the blog post...but try to grow your followers first... read my older posts for tips

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I ll have a look, thank you!

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Wow this really is a Well thought article at it's best. This is exactly on how I am approaching steemit.

And yes, influence is a big topic. I think if you want to gain wealth, you have to create / invest for yourself.

Thank you very much for Sharing this!

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you are welcome and more success to you

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mensch du bist ja ein Landsmann von mir @charles1 !

ich hab dich in Promotion Journal #1, we got started! erwähnt. Für dich ist es vielleicht kein großer boost, aber es kommt ja auch auf die Geste an, oder?!

viele Grüße

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Hahaha Danke , keep steeming to more success

viele Grüße

I completely agree blockchain and cryptocurrencies will stay, as it is a call for a new kind of society, a reset, where the masses free themselves from the big brother. For the Moment all the big brothers of the planet are very afraid of the Power of the masses and try to stop it. For me it is a sign that bitcoin and other cryptos will transform our lives for good. The Revolution is Economic.....

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Good point, I agree with you

You mention logical reasons.
For me, I can agree that the community behind the Cryptocurrencies is​ the Key not only for surviving​, no also to rise far above.

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Good point my dear Pastor!!! Hope you ar feeling better now
Gute besserung

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Thanks my friend.
Yes, I​ am feeling much better now. Thanks for asking :)

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You are welcome and Gute Besserung

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Thank you my friend :)

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welcome and keep steeming ..you are doing well


@charles very well said buddy,


i give you my support on your article,
hope chinese will no longer ban the bitcoin industries, cn on the other hand, on this community is the biggest contributor on sbd and steem, they invest a lot.

i prayed that they will change their mind on the respective events issue,
however, you are correct bitcoin has recovery at 85 percent base the actual reports on bitcoin industries,the bitcoin holds the future of mankind, the world is changing, all technology is changing..so we must adapt on the current events to survive and have good quality of life.

soon china will message the world like this, they will open there eyes and see the future..

cheers buddy, for that i give you my total support and thumbs of upvote.

kindly see my post too..its about the problem most nation..please click it here @mrblu talk article.

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welcome and more success

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Same here buddy

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👍👍

Steem dollar is mining using our mind. It will never die. Nice post. steem on.

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Good point, I agree

china is buying btc by their undercover dudes/groups/wahtevers all around the world.. china is the future.. apparently

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Good point , China has the money and motive to support Bitcoin

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don't forget India....

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Good point, India is a big one too

Looking at all the green charts today, I think it is a great time to jump in!

The market is bigger than China. It's global! Yep, it is a huge blow, but we are recovering nicely!

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Good point, I agree with you..which coin or ICO is your best and why?

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I am just getting started with very small amounts. So far no icos.

I am most excited for steem! The new updates should bring in a lot more users and creat a better experience with communities, private messaging and an official mobile app. And the price is still right, imho!

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Good point, I agree. Steem is the future

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the market is very dynamic. you never saw such quick and many recoveries with the old market. Cryptocurrencies doesn't belong to no one but individuals. Geopolitical happenings have a very little influence on it. you can't envision a cryptocurrency market with old views. this new order asks each of us to reinvent ourselves.

very good nice post..

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what is good about the post?

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I know right :D I like to ask that too xD Spammers lol

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Lol you are right

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Hahaha it's hilarious :D

By the way.. Here's my latest post

well its really a great content shared by you..
i think that the cryptocurrenties cannot die..because japan is now backing up bitcoin very well..anf 90% of china trader leave trading now...

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Good point, do not forget India too isnt it?

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yes,india too. tou are right

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I agree...India is a big one indeed

HELLZ NO !! (-:

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Point, keep steeming to more success

Thanks for this post@charles1.

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What do you like about the post?

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You said @ charles1 ,"There is nothing that will stop bitcoin and steem to be successful due to huge support from growing user base."I like this idea in the post .

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Good point, I agree with you

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Thanks and let's hope for the best at steemit.

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welcome ...am sure that steemit will do well, especially after the next update...

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Thats great ...

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You are welcome and more success to you

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Same to you .

Why should any act by the Chinese government effect crypto? Aren't these accounts all in individual wallets, and the people who had coins in Chinese exchanges just had to move them say to Japanese exchanges, to me all this hype is about pushing the prices so far down, that people who can't afford to lose 5 grand have to sell their coins at a loss and then the big boys (I'l bet bankers, elites, and governments) will buy a big share of the market. The good news is if you have enough money to withstand this onslaught you are probably going to make a lot of money the dark side is if you are not financially solid you just lost a lot of money.

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Very good point @gduran very rich speculators move all these prices and make a lot of money doing some. Some people will just sell off out of fear after buying high and endup as losers ...best strategy is to buy low and sell high even if you have to wait isnt it?

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Yes, the problem is if you don't have enough liquidity, I mean if you have say 100 grand laying around doing nothing you couldn't do better than buy some crypto, problem is not many people have more than the necessary for daily basics.

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Good point, I agree with you.

Crypto-exchanges will simply go to Hong Kong and Japan. Only China will lose.

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Good point...but dont you think that China can influence Hong Kong?

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Hong Kong has already committed to opening stock exchanges. Apparently, China can not influence.

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Are you sure of that? dont forgt that China is a control freak country

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The economy is different, China promised not to influence it.

Nope, we will be fine. China will do it on their own with NEO and QTum for example.

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Good point @hilarski , thank you so much for your comment and support. I agree with you

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@steemcleaners , @sadkitten , @spaminator and @cheetah here goes a notorious spammer ...take action

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Bot remove your spam link or you will be flagged

I'm sure some have the ability and will to manipulate crypto for their own agenda . So dips will come and go but overall it is to big to stop now . Imho .

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Good point, speculators like to pump and dump isnt it?

@charles1 got you a $1.51 @minnowbooster upgoat, nice!
@charles1 got you a $1.51 @minnowbooster upgoat, nice! (Image: pixabay.com)


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Thanks bot

@blueorgy I am still waiting for your opinion on this issue

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Hi @charles1, I see you have mentioned me.
This is automatic response so that I may respond to your mention later.

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This stuff is Greek to me but I applaud your optimism. It sounds correct.

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Hahahah you are doing great here @pjcswart keep steeming to more success

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Thanks how do you know?

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Because you are a smart crypto investors isnt it? which coins or ICOs are your top?

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I have no idea! I hope you have a WONDERFUL day!! 😝 😛

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You are welcome, keep steeming to more success bud

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Thanks I appreciate the encouragement! I hope you have a WONDERFUL day!! 😝 😛

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@banjo any comment on the issue?

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Yes. I totally agree with the following:

However the communities behind these cryptocurrencies are stronger and bigger than any haters and will rally around the coins throwing in their support in any way they can-which in return will lead to the longevity and success of the block chain technology as a whole.

Cool analysis man

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Welcome ...I guess that you like steemt too isnt it?

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by charles1 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

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Thanks bot

This post has received a 0.45 % upvote from @drotto thanks to: @banjo.

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Thanks bot

Congratulations @charles1!
Your post was mentioned in the hit parade in the following category:

  • Comments - Ranked 6 with 125 comments
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China China China Trump China.

I like you Investing post here is one of mine. https://steemit.com/money/@isteemithard/free-money-free-stocks-free-cryptocurrency-just-click-my-links

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Nice post brother. I like your confidence in the crypto's and the blockchain technology.

which in return will lead to the longevity and success of the block chain technology as a whole.

The information in the article is very in-depth. I like that!

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Good point bud, thanks

It's a big world out there. As long as the internet keeps penetrating to more households the more bitcoin will rise in value.

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Good point, I agree with you

I think crypto will be just fine with or without the support of China! :) thanks for this awesome blog.

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welcome my dear one and thanks for your comment

We support Crypto currencies no wOrry who bans it ..

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Good point

It won’t die without china or india, it would die without usa, europe...