Is CHINA CONTROLLING Bitcoin?

[Mbah Tyo]

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?

to my knowledge no one can control except the user bitcoin bitcoin itself, if the china-many places for great bitcoin minning large and the owner of the site looks china trading so that such control bitcoin prices whereas my knowledge it is not. as defined by sathosi Nakamoto.

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[lurker10]

China totally controlling Bitcoin.

BTC.TOP operator: “We have prepared $100 million USD to kill the small fork of CoreCoin, no matter what POW algorithm, sha256 or scrypt or X11 or any other GPU algorithm. Show me your money. We very much welcome a CoreCoin change to POS.”

https://www.cryptocoinsnews.com/bitcoin-market-needs-big-blocks-says-founder-btc-top-mining-pool/

[BTCLovingDude]

China totally controlling Bitcoin.

BTC.TOP operator: “We have prepared $100 million USD to kill the small fork of CoreCoin, no matter what POW algorithm, sha256 or scrypt or X11 or any other GPU algorithm. Show me your money. We very much welcome a CoreCoin change to POS.”

this has nothing to do with bitcoin, and if you think it has then read again.

.cryptocoinsnews......

i don't need to read more, as soon as i see that name i automatically realize that it is a shit post because cryptocoinnews is a known shit poster and i suggest you start reading other resources for your news about cryptocurrencies.
they lie, manipulate and mostly post click baits.

[lurker10]

China will control any Proof of work coin. Because China can.

[Fireblade]

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?

to my knowledge no one can control except the user bitcoin bitcoin itself, if the china-many places for great bitcoin minning large and the owner of the site looks china trading so that such control bitcoin prices whereas my knowledge it is not. as defined by sathosi Nakamoto.

in one sense we can say yes china is controlling bitcoin because they have a big contribution in promoting bitcoin. most of the users are from China and most of the bitcoin minor are also from china. but still it i will also like to say that now situation is completely changing, the users of bitcoin are increasing from time to time and is is now becoming more difficult to manipulate the price of bitcoin.

[faysher]

Yes

They are mining very much a long time. According to US policy, extracly President Trump,  Chinese people are control bitcoin price through many way such as sell with high quantity...

That is my option

[voltesbit777]

I'm familiar yet with the history about China in bitcoin,  but according to what I read in this forum China is the biggest owning percentage of bitcoin in this industry. But I do not know if they are the control bitcoin.

[European Central Bank]

most of the users are from China.

totally untrue. there's no use for bitcoin in china. you can't spend it anywhere. check the number of nodes being run compared to the west. it's tiny. now the exchanges are toast we can also see there ain't any more people trading there than anywhere else.

[abonarea]

China is controlling the price market through miners mostly. Users are of course from everywhere not just from China. That recent news of having tightening rules for miners was caused of price crashed in very recent past where it took to Bitcoin from 1167$ to 700 and some. This is enough to see Chinese control on the Bitcoin.

[Clement Kaliyar]

China is controlling the price market through miners mostly. Users are of course from everywhere not just from China. That recent news of having tightening rules for miners was caused of price crashed in very recent past where it took to Bitcoin from 1167$ to 700 and some. This is enough to see Chinese control on the Bitcoin.

This is infact a true statement that the price of bitcoin is basically controlled by the Chinese as  they would find a way to crash the price in multiple situations with fake news and reports and i am sure they are making a hell lot of more money with the changes in price and with the amount of mining power they have ,they have the advantage.

[theghost1980]

They have:

• Big farms
• hardware release
• A lot of chineses mining 24/7, sleeping inside of the farms while they play candy crush & eat noodles

I guess.. YES they do! 

[ASHLIUSZ]

They have:

• Big farms
• hardware release
• A lot of chineses mining 24/7, sleeping inside of the farms while they play candy crush & eat noodles

I guess.. YES they do!  >

Chinese government haven't made any ban over bitcoin using or bitcoin mining. This helps them have big mining farms running 24/7. This will probably an advantage for the people in China. This doesn't mean that they hold the entire control in their hands.

[wh04m1]

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?

It's possible that something like this happens. You know, 51% attack is always possible. Someone holding 51% of the Bitcoin network may not approve the transaction.
Most mining is done in China. The situation you are talking about right now is not the case, but there is always such a possibility.

[alisus]

Yes, Bitcoin in mainland China is very popular. In the land of China is a lot of Bitcoin miners, many speculators Bitcoin, and a lot of demand and supply in China Bitcoin. Mainland China became an important part in the world of Bitcoin.
Bitcoin users in China do not use the digital currency to trade in their everyday lives. But they use the currency as a lot of activities that are not generally made public. Like investing as well as for currency conversion.

[mk4]

not controlling per se, but they have a substantial effect on prices.

[Jewell]

I'm familiar yet with the history about China in bitcoin,  but according to what I read in this forum China is the biggest owning percentage of bitcoin in this industry. But I do not know if they are the control bitcoin.

yes that may be right, that China may be the owner of majority fo the bitcoins but i think it cannot be true as well that they are controlling bitcoin. i think it is not so easy to control bitcoin. it need a lot of investment which is the job of a sing l form or nation.

[marcus_of_augustus]

I think we are witnessing the beginning of the end of the epoch of china dominating bitcoin ... as when we once saw darknet markets relegated to history by China surge, China will be relegated to bitcoin history by the next wave, institutional and international exchange and mining is the next wave beginning now.

[Creepings]

China has the highest profit based on what they are mining. I think that will be a good evidence that they can control the bitcoin, though not only bitcoin but its price also.

[BillyBobZorton]

I think we are witnessing the beginning of the end of the epoch of china dominating bitcoin ... as when we once saw darknet markets relegated to history by China surge, China will be relegated to bitcoin history by the next wave, institutional and international exchange and mining is the next wave beginning now.

Indeed, this is a celebration day for bitcoin. Amazing new to see bitcoin go beyond china's reach. Now bitcoin is its own boss, he has fired china. "You are fired!" says bitcoin, and keeps growing while the price is already 50 dollars higher in the rest of the world than china. This rocket cannot be stopped, next destination is ATH.

[pda713]

In contrast,
Does China control USD because they manufacture and export a lion's portion of US goods??