Is CHINA CONTROLLING Bitcoin?

[marcoman22]

Yes, china has started controlling bitcoin.From 2014, china has increased and maintained a massive market share in bitcoin.According to global financial giant,Goldman sachs,around 80% of bitcoin is traded in chinese yuan.China has maintained more than 50% of global bitcoin market ever since Q4 of 2013.US dollar is the global currency till now. Bitcoin was created to decentralize the economic power of US dollar and china has started to make use of it.Bitcoin was designed to be a part of future of the money.Definitely, now china is a part of bitcoin future.The Era of Red dragon has begun.

[1715456466]

1715456466

[1715456466]

1715456466

[1715456466]

1715456466

[1715456466]

1715456466

[1715456466]

1715456466

[btcdiggingmaster]

I don't think that china can control bitcoin because the transactions are confirmed by miners and there is a proper code for doing that.
However, I am willing to see some of the replies made on this topic.

Chinese people aren't controls all of bitcoin. They only can controls bitcoin that they have. Because they have the most of bitcoin so they can easily influence the price of bitcoin.

Have you ever heard about the attack 51? You should learn more about Bitcoin because there are many mysterious things there and if you do not know about its techniques, you will soon regret. Because of having the large amount of Bitcoin and mining capacity, China can be considered controlling Bitcoin at present

It is one of the biggest speculation being promoted by the people that china is controlling the bitcoin, even many people have the same opinion but i don't see the fact there many people from different of the world are mining bitcoin and trading bitcoin daily. May be china big farms of bitcoin mining but i don't think so.

[germanybtc]

We are the one who control bitcoins and not country. We are the one who are responsible for every fluctuation of its value. Bitcoin is for everyone. China is not that powerful enough to control bitcoin. If every people in China owns bitcoin, no doubt they can control its prices
China is not only the country that accepts bitcoin but also other countries. So everyone has control of bitcoin not only the China.

[bitkilo]

We are the one who control bitcoins and not country. We are the one who are responsible for every fluctuation of its value. Bitcoin is for everyone. China is not that powerful enough to control bitcoin. If every people in China owns bitcoin, no doubt they can control its prices
China is not only the country that accepts bitcoin but also other countries. So everyone has control of bitcoin not only the China.

I think the idea of this thread is more about China controlling bitcoin due to the amount of hash rate the country has within the network, bitcoiners start getting a little worried when a group of people get close to the magic 51% number but i wouldn't be as worried if China as a whole had 51% hash rate as i would if a single mining pool had the 51% to themselves, and it wouldn't matter where that mining pool was located.

[mmo_online_1981]

A lot btc be exchanged in china but i think everyone used may be CONTROLLING Bitcoin

[RodeoX]

I hate to break it to you, but you are too insignificant for them to tip their hand at how they can control BTC.    

I'll take my chances. I have always ignored illogical "what if" scenarios and have always profited as a result. But I'm not going to tell anyone what to do with their money. Especially when it could become my money at a cheap price.
 

[instacalm]

"China" is most definitely not controlling Bitcoin in the first place, if that is so then what you most likely mean is "Chinese miners control Bitcoin" which is a statement that has some factors speaking for it. There are indeed a large amount of mining farms of significant size in China that have a crucial impact on the network. But China in the sense of the state or the entirety of its people are certainly not controlling the network.

[shinratensei_]

"China" is most definitely not controlling Bitcoin in the first place, if that is so then what you most likely mean is "Chinese miners control Bitcoin" which is a statement that has some factors speaking for it. There are indeed a large amount of mining farms of significant size in China that have a crucial impact on the network. But China in the sense of the state or the entirety of its people are certainly not controlling the network.

It may have significant influence for bitcoin, although every decision was born from the Chinese is affecting the bitcoin's price.

It can be happening if there are some hashpool trying to be grouping. but if we're aiming about the single person is controlling the network and it will never be happening.

[DRaGoN RaNTaRo]

I personally do feel that the big holders or big exchanges and organizations in China could easily be the ones controlling bitcoin. For example, 2 weeks back the exchange price was nearing 1100, and suddenly some chinese authority or exchange went into inspection and the price crashed to 850. Now they could easily have been creating fake news and shorting on the fall in price.

It is possible for them to manipulate without any doubt because they have invested heavily into bitcoin and majority of the miners are from China so bitcoin is relatively new and there is not much rules and regulations like a normal exchange so you have to accept these sort of fake news to pumps and dump.

[NEWGOODOUBLE]

A lot btc be exchanged in china but i think everyone used may be CONTROLLING Bitcoin

yeah I also know that the volume perpuataran bitcoin bitcoin in china market is very large. or can be bitcoin market in china in the world. so no wonder many people consider that china controls bitcoin

[President79]

I am very sure that that control price bitcoin is china, the use of the bitcoin in china is the largest fair so if china can control the bitcoin. Behold the exchanger bitcoin in china, in 1 day could reach millions of dollar for transactions bitcoin.

[ethereumhunter]

the most people which is controlling bitcoin is people that have much of bitcoin and they are in everywhere, but i think is not because china or other countries that controlling bitcoin but we are controlling our bitcoin itself because we see in the market, many traders will do something with the bitcoin price and until now, the price is not going to be big than $9xx.

[Mumels]

How do I get the bitcoins from China cheap? Like which of the exchangers is best know for cheaper coins

[slapper]

I am very sure that that control price bitcoin is china, the use of the bitcoin in china is the largest fair so if china can control the bitcoin. Behold the exchanger bitcoin in china, in 1 day could reach millions of dollar for transactions bitcoin.

indeed. Bitcoin prices are affected by the China since the hold most of Bitcoin. Although i do not like the China, I have to admit that they are really great in this field. They keep increasing the Bitcoin prices over many years and more and more investors in China decide to learn more about the blockchain technologies and other cryptos, which makes Bitcoin become even greater and more popular

[mornabo]

How do I get the bitcoins from China cheap? Like which of the exchangers is best know for cheaper coins

I think every exchange in several countries differ in price, because arbitration. but the difference in price will not be too big, just maybe bitcoin prices in China could be higher or lower

[wuvdoll]

the most people which is controlling bitcoin is people that have much of bitcoin and they are in everywhere, but i think is not because china or other countries that controlling bitcoin but we are controlling our bitcoin itself because we see in the market, many traders will do something with the bitcoin price and until now, the price is not going to be big than $9xx.

I think you are wrong, by “most people” I think everyone is controlling bitcoin, we have a say in things. This is not a corporate or goverment run business, this is a crypto currency and I believe bitcoin is waaay bigger than one man controlling it. Maybe some small tiny coins but not bitcoin. We control bitcoin as a whole not as individuals.

[Bitcoinsummoner]

the most people which is controlling bitcoin is people that have much of bitcoin and they are in everywhere, but i think is not because china or other countries that controlling bitcoin but we are controlling our bitcoin itself because we see in the market, many traders will do something with the bitcoin price and until now, the price is not going to be big than $9xx.

I think you are wrong, by “most people” I think everyone is controlling bitcoin, we have a say in things. This is not a corporate or goverment run business, this is a crypto currency and I believe bitcoin is waaay bigger than one man controlling it. Maybe some small tiny coins but not bitcoin. We control bitcoin as a whole not as individuals.

There is no exactly who are controlling bitcoin due to large amount of number of bitcoin user even china cant control bitcoin we are decentralized and they just manipulate the price of bitocoin but because of  the china testing manipulating the price of bitcoin there are some investors or new comers are buying bitcoins if they are seen the price is going down because they dont want that mining bitcoin not become profitable..
And i think china will make a big mistake if they sell all their bitcoin because there will be other country will get his position to hold more bitcoin than china holdings..

[xJuturna]

This can be answered by both yes and no. In some aspects, yes China does control bitcoin. Most exchanges and trades made involving bitcoin are coming directly from china, I believe 99% actually. If you take into account what bitcoin actually is and does you can see that it is actually impossible for any one body to really "control" and "rule" the coin albeit unless they actually control over 50% of all bitcoins. This is plausible but very unlikely. As far as your question goes, personally, I'm on the fence.

[Doamader]

The bitcoin mine cenario has a huge presence into China, im pretty sure that the miners has a big influence into bitcoin, but those doesnt make them have control over bitcoin. The early adopters has the bigger ammount of bitcoin, with that said they does have big influence as well, even some big exchanges has a huge power.

[shinratensei_]

How do I get the bitcoins from China cheap? Like which of the exchangers is best know for cheaper coins

The bitcoin from the chinese exchanges aren't so cheap, try to visit coinmarketcap.com and see all of the markets of bitcoin and you can see the gap between the price of bitcoin in every market. Asian markets are so cheap rather than the western market in my mind.