Is CHINA CONTROLLING Bitcoin?

[BellaBitBit]

Let's just say that if any country is going to attempt to "ban" Bitcoin they should probably consult with China.

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[Romanko]

The world is not flat  for sure but Chinas has powerful lever arms of influence (and maybe even more then anyone else has)on BTC.
Chinese Stocks start the raise or dump of BTC course, Mining hardware/chip production is located only in China, Biggest Hashpower in world is located in China, mining pools that have over 50% of the hash rate, etc.
Lets hope that one day they will not use their opportunities in the wrong way.

[drwtsn32]

bitcoin be controlled by all users. but I was quite concerned with the power of china. china is so extraordinary, they have bitcoin users are very numerous. china can do anything to control the price of bitcoin.

The number of bitcoin users from china is no threat, actually. The threat is that many among the bitcoin users from china are large bitcoin holders. In theory, if bitcoin users from china worked together, they have the power to manipulate bitcoin price by a few dollars up or down by either pumping or dumping their coins.

Then it is therefore, a threat. China is known for their unity and manpower. They're like ants. 

[mki8]

what a dribble thread

Geo location means diddly squat

Do you think all the people in Hong Kong are chinese/hong kongese ?
do you think all the people in Shanghai are chinese ?

do you not know, those that made a fortune from being in bitcoins early
MOVED the fk out of their police state countries and moved to Asia
Mining farms moved to China for cheaper rates

stop this stupid notion, that China as a country has any influence,
or that chinese people all get together to decide what happens.

[mki8]

bitcoin be controlled by all users. but I was quite concerned with the power of china. china is so extraordinary, they have bitcoin users are very numerous. china can do anything to control the price of bitcoin.

The number of bitcoin users from china is no threat, actually. The threat is that many among the bitcoin users from china are large bitcoin holders. In theory, if bitcoin users from china worked together, they have the power to manipulate bitcoin price by a few dollars up or down by either pumping or dumping their coins.

Then it is therefore, a threat. China is known for their unity and manpower. They're like ants. 

you must be american...........

[egytrickz]

bitcoin be controlled by all users. but I was quite concerned with the power of china. china is so extraordinary, they have bitcoin users are very numerous. china can do anything to control the price of bitcoin.

The number of bitcoin users from china is no threat, actually. The threat is that many among the bitcoin users from china are large bitcoin holders. In theory, if bitcoin users from china worked together, they have the power to manipulate bitcoin price by a few dollars up or down by either pumping or dumping their coins.

The millions of traders, many of them in China, who have bet on the price of the virtual currency have kept the cumulative value of all outstanding Bitcoins well above $2 billion since late 2013. At the same time, that speculative activity has left much of the general public wondering why these virtual coins should be worth anything at all.

[davis196]

People here have claimed that Bitcoin is in fact controlled and ruled by China, as mining is centralized by Chinese mining institutions.

Do you think that China is controlling/ruling bitcoin yes or no?

Mining doesn`t matter that much.It`s  more important who is holding the majority of bitcoins in the world.

I guess that mining isn`t porfitable,so chinese institutions are wasting the money of the tax payers 

Maybe with price increase,mining will become profitable again....

[Rubberduckie]

I wouldnt be surprised if they were manipulating things to rise

But they cant do it alone. When it starts jumping up everyone then
joins in cause they dont want to miss the big move and then it really
shoots up.

[DoublerHunter]

I think yes because many investors or buyers of bitcoin are came from china (i think) because i read many threads and articles that the cause of the price hike of the bitcoin is by the chinese investors who are in panic buying. So for me it's possible that the china is controlling the bitcoin especially the price .

[Maesters1-]

we are hearing this news for such a long time. people are talking about this that china is holding bitcoin. my personal view is that they are not controlling bitcoin. i think that bitcoin is not a regional currency. it is famous and popular all over the world. i personally so many people from different countries like Pakistan, Indian. Saudi Arabia, Russia and so many other countries who are using bitcoin. there we can say that china is not controlling bitocin.

[Viyamore]

Well IMO china may be controlling bitcoin's price but not intentionally. I said that they control it unintentionally because if the bitcoin users there all sell and have a panic sell well the price will dump because they are many. If they all buy, then the price will surely rise.

I think this is right also but there's also a big time holders of bitcoins especialy a rich investor who can controll the price in his ownself.
And the most of others who also holds a lot of coins.

[TheRedDevil]

I believe so. Most of the whale movement in the market happens when China wakes up.

Further with the steady fall of Chinese currency, everyone is investing heavily on btc and its come to a point where the entire market shakes up heavily every day when China wakes up. We are definitely dependent on Chinese markets nowadays and its not gonna change anytime soon since they have large mining farms too which gives them huge advantage of the btc and alt coin markets.

[BTCBinary]

The biggest mining companies in the space are located in China as well as trading is mostly being done by chinese. Besides bitcoin they also control Litecoin, which is near to came a new comeback!

[BitcoinRonnie]

Bitcoin is controlled by to many factors now to be open sourced as it should have been.

[Nevis]

People here have claimed that Bitcoin is in fact controlled and ruled by China, as mining is centralized by Chinese mining institutions.

Do you think that China is controlling/ruling bitcoin yes or no?

I do not believe that China is the control of bitcoin. I even believe that Japan took control of bitcoin, based on my knowledge

[Bitcotalk]

No, china is nor controlling bitcoin, only the Chinese are more active in bitcoin and they are more in adopting bitcoin and the miners are also more from their country that is why we feel like China is controlling bitcoin.

[ning_chang]

People here have claimed that Bitcoin is in fact controlled and ruled by China, as mining is centralized by Chinese mining institutions.

Do you think that China is controlling/ruling bitcoin yes or no?

I do not believe that China is the control of bitcoin. I even believe that Japan took control of bitcoin, based on my knowledge. because when China took control of coins ,? wow edi

[ning_chang]

Does it really matter?

Yes! who did not justify the control of BTC. just important we earn bitcoin

[bitbunnny]

Many speculations but no evidence at all that China is controlling Bitcoin. In fact I don't beleive that any country is controlling the Bitcoin. If that ever happens, that one or more countries take control over it then Bitcoin will lose one of it's main characteristics, that is independent and with no control of any institution.

[ning_chang]

Im not spamming....

Im asking a valid question? Should we worried? If this is the case, can China have a say on the price of BTC?

my opinion, i think it's a yes, because Scrooge because china has a chance to decrease the price of BTC