Will Steem and other cryptocurrencies Die without China support?
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:
- 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
i believe as an ecosystem we actually have more power than we can even imagine.
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.
wow good point from you, always...do you do ICO? if yes, which one is your top
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.
@blueorgy do you agree?
Hi @charles1, I see you have mentioned me.
This is automatic response so that I may respond to your mention later.
welcome
Thanks guys
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.
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.
Unity and big communty support is key
Yes absolutely right, that is essential to the growth of cryptocurrencies.
👍👍
Good point
@OriginalWorks what do you think
Thanks @OriginalWorks
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Thanks bot
Thanks
Bitcoin and Steem Never Die ;) In Crypto We Trust!
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 !
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
I love your positive attitude my friend !! Thanks !👍✌💕
👍✌💕 welcome...have you read about the updates?
No ? What updates !?
I meant informations in this my former post
https://steemit.com/investing/@charles1/why-you-should-stop-powering-down-and-rather-buy-more-steem-now
oh OK ! Been very busy .
👍👍
yes I read that post and commented ! Thanks !
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
Good point, thanks for your comment
Welcome as always... keep steeming
👍👍
Cryptos are here to stay with China or without China.
Good point @andre-verbrick I agree with you.
Which coins or ICOs are your best?