Could the Chinese Govt take over the mining of BTC?

[Taki]

The first of all explain me all advantages and disadvantages of such move, coz I do not understand why would it be so hurting or opposite.

[zxl912157]

First when hearing Bitcoin is banned by China when 2017 and Bitcoin has experienced a significant price decline, around 2017.

And now if the Chinese Government takes over mining, then the price of Bitcoin will rise as well as the price, so that is great to make the market return to GREEN.

[Pan Troglodytes]

First when hearing Bitcoin is banned by China when 2017 and Bitcoin has experienced a significant price decline, around 2017.

And now if the Chinese Government takes over mining, then the price of Bitcoin will rise as well as the price, so that is great to make the market return to GREEN.

It is happening all over again - they ban it just to "unban" it a quarter later, then they start some rumour and then some more. I have a feeling it is all happening so just a few lucky individuals can get some free bitcoin on insider trading.