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Question: Is CHINA CONTROLLING / RULING Bitcoin?
Yes - 192 (44.2%)
No - 242 (55.8%)
Total Voters: 434

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Author Topic: Is CHINA CONTROLLING Bitcoin?  (Read 92117 times)
Filthy1
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June 24, 2018, 10:37:46 AM
 #1601

YES they do and its a rather large percentage

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June 24, 2018, 10:41:50 AM
 #1602

We can't say it is imposibble that china can control the bitcoin because we all know that china had so many individual minning that comes from them and can accomodate a lot of bitcoin but i dont know how much exactly it is.

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June 24, 2018, 10:51:03 AM
 #1603

I think it is impossible for the future they will have to rethink because it is a future replacement currency

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handsomes
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June 24, 2018, 11:14:26 AM
 #1604

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 think china can not controlling bitcoin and impossible to control it the china is a big country and big percentage if the bitcoin ban in china the value of bitcoin is down to low.
Nabobs Robi
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June 24, 2018, 11:42:17 AM
 #1605

The chinamen has a strong influence in Bitcoin since the are the kings of mining due their cheap as hell electricity, they also are in one of the biggest volume exchanges in the game (huobi) so yes its very reasonable that they have a strong impact on Bitcoin economy, but saying "controlling" is simply too strong of a word to claim. the concept that bitcoin is borderless seems to be beyond most in this threads comprehension Sad.
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June 24, 2018, 12:01:26 PM
 #1606

many news say a country has a lot to store and control bitcoin, i also read, japan also control bitcoin.
so a lot of baseless news is scattered now, because of the decrease in bitcoin that is happening now.

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June 24, 2018, 12:18:37 PM
 #1607

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?
No china is not controlling bitcoin/cryptocurrency beside China is now ban bitcoin and cryptocurrency no one and nobody can control or ruled bitcoin because of its nature of being decentralized distributed maybe China is a great influencer but never be a ruler.

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June 24, 2018, 12:21:27 PM
 #1608

China could not control it but the businessmen in China could. They pump and dump on their own advantage. And, the majority of btc farm is in China which could greatly affect the market.

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June 24, 2018, 12:27:44 PM
 #1609

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 think China will or can control bitcoin. It is not only them who are investors and supporting bitcoin. Japan and other European countries are also supporting bitcoin.

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June 24, 2018, 12:59:13 PM
 #1610

i think yes . china is a big country and china can buy anything

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June 24, 2018, 01:25:30 PM
 #1611

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 think china can not controlling bitcoin and impossible to control it the china is a big country and big percentage if the bitcoin ban in china the value of bitcoin is down to low.
Just because China holds a large amount if bitcoin miming facilities in their territory doesn't meant gey are directly co trolling the price and even so the power of bitcoin. The power they have with bitcoin is the same as ours only. And that is being able to become a part of the increase or decrease i  bitcoin's overall value. After all, bitcoin is most known as a cryptocurrency with a decentralized nature which makes it impossible for this country to milk money from bitcoin.

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quinoa
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June 24, 2018, 01:36:33 PM
 #1612

yes Bitcoin is created by Chinese computers in China
Look this chart all bigest enterprises are Chinese
https://blockchain.info/fr/pools
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June 24, 2018, 01:44:53 PM
 #1613

It's more a calculated influence than control. Bitcoin is a small market cap at around 12 billion. This means that just a few million dollars from China, into or out of the market, will impact short term pricing.
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June 24, 2018, 01:59:26 PM
 #1614

No,
China didn't control bitcoin, but china has a big user of bitcoin.
if china govt. make roll for china people, they should follow it and that's why if china do any thing there roll it will effect on bitcoin.

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June 24, 2018, 02:05:16 PM
 #1615

yes Bitcoin is created by Chinese computers in China
Look this chart all bigest enterprises are Chinese
https://blockchain.info/fr/pools
Bitcoin creator who is a unknown person is called shatoshi nakamoto. On one knows where is live. and Is this one person or a group of person no one knows.

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cyberkuto
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June 24, 2018, 02:08:33 PM
 #1616

YES they do and its a rather large percentage

On my own opinion,  no one would control it. They could invested a lot on it through mining but controlling bitcoin itself is totally impossible.

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June 24, 2018, 02:09:39 PM
 #1617

We as a whole think chinese are the biggest excavators of bitcoin yet I don't figure this can be considered as chinese controlling bitcoin as each one of those mining power are very much circulated all through china so nobody mining organization can control the bitcoin record. So it might in any case be viewed as very much decentralized inside china and china as greatest mining nation.

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June 24, 2018, 02:15:08 PM
 #1618

China could not control it but the businessmen in China could. They pump and dump on their own advantage. And, the majority of btc farm is in China which could greatly affect the market.
No big company will invest there investment in vouge things.
Because bitcoin haven't any physical prove. Without evidence any company won't invest in bitcoin.

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June 24, 2018, 02:18:02 PM
 #1619

YES they do and its a rather large percentage

On my own opinion,  no one would control it. They could invested a lot on it through mining but controlling bitcoin itself is totally impossible.
china can't control directly bitcoin.
They have massive user of bitcoin,  they change there rolls and  it will impact on bitcoin. they haven't full control.

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June 25, 2018, 12:45:41 AM
 #1620

yep, China is the country who hold the majority of bitcoin available world wide! this firs big farms were born in China and USA!
so I'm not surprised to know that Chinese can control the price of Bitcoin!
China maybe is also going to rule the world in only a decade...


You may be right. The Chinese yuan is soon going to become the worlds next reserve currency. China FTW!

Doubtful.

It is obvious that the IMF is grooming the Special Drawing Right (SDR) as the new world reserve currency. There is also a quite compelling argument that Chinas massive purchases of Gold is in order to pull their gold_reserve/GDP ratio in line with that of other major currencies, such that the Yuan can be included in the basket that makes up the SDR. The G7/G20 act like the insiders are fully invested in these plans.

Will crypto waylay their plans? Probably not in the near term. We can hope for the longer term. Perhaps.

As long as someone bumps murrica out of the lead I don’t care. No one will ever accept SDR as the worlds reserve currency but the Yuan has been third in line in the SDR since 2015.

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