Is CHINA CONTROLLING Bitcoin?

[BeefUsher]

Well IMO China is not controlling bitcoin. Well no one can control it and there are many factors now that affects the current price rise and it is not because of China. It is also because of factors like brexit, segwit and the likes.

That's right, because even they have the majority of miners still they can't control bitcoin. It is a decentralized currency.
And we are all controlling it.
The power of all users are controlling the flow of bitcoin and the demand of it.

N00bs parroting delusions.

Idiots parroting FUCD and lies are not much better.

He's not wrong, you now. But if it helps you to think that your holding a bunch of BTC in some paper wallet somehow matters, you go right ahead.
Unless you can explain how you control Bitcoin by holding it, of course.

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[nururochac]

Well IMO China is not controlling bitcoin. Well no one can control it and there are many factors now that affects the current price rise and it is not because of China. It is also because of factors like brexit, segwit and the likes.

That's right, because even they have the majority of miners still they can't control bitcoin. It is a decentralized currency.
And we are all controlling it.
The power of all users are controlling the flow of bitcoin and the demand of it.

Do you guys really know what you're talking?
Chinese investors hold the most bitcoin market capacity that has ever produced. It is 10 times higher than the usd. If you're going to check it here, they are the only one who's eligible to pump and dump the coin

[European Central Bank]

Chinese miners revolt & announce "Terminator Plan".

Who is the guy proposing this? how do we know it's not simply some random shit stirrer? i've heard alot of noise from china about the block size thing but not a huge amount of action.

Do you guys really know what you're talking?
Chinese investors hold the most bitcoin market capacity that has ever produced. It is 10 times higher than the usd. If you're going to check it herethey are the only one who's eligible to pump and dump the coin

total rubbish. that's based off zero fee exchanges. it could be 1 cny of capital being traded a billion times a minute.

[Cresciuanto]

Chinese miners revolt & announce "Terminator Plan".

Who is the guy proposing this? how do we know it's not simply some random shit stirrer? i've heard alot of noise from china about the block size thing but not a huge amount of action.

Do you guys really know what you're talking?
Chinese investors hold the most bitcoin market capacity that has ever produced. It is 10 times higher than the usd. If you're going to check it herethey are the only one who's eligible to pump and dump the coin

total rubbish. that's based off zero fee exchanges. it could be 1 cny of capital being traded a billion times a minute.

i don't think so i think they are not controlling bitcoin. although a lot chines are investing their monthly income in bitcoin. but it doesn't mean that they are controlling bitcoin. bitcoin is a universal currencies and any one from all over the world can use it and can invest here.

[Crazygreek]

I think it's fifty-fifty , at one side they mining almost everything nowdays but at other side they can't change price and other sutff, but they can just stop mining  to change price. Voted for yes.

[Ruhtilg]

I think it's fifty-fifty , at one side they mining almost everything nowdays but at other side they can't change price and other sutff, but they can just stop mining  to change price. Voted for yes.

The Chinese are just miners, they mine the coins. Some people buy the mined coins, then they send to west to sell.

[lexuz]

Chinese miners revolt & announce "Terminator Plan".

Who is the guy proposing this? how do we know it's not simply some random shit stirrer? i've heard alot of noise from china about the block size thing but not a huge amount of action.

Do you guys really know what you're talking?
Chinese investors hold the most bitcoin market capacity that has ever produced. It is 10 times higher than the usd. If you're going to check it herethey are the only one who's eligible to pump and dump the coin

total rubbish. that's based off zero fee exchanges. it could be 1 cny of capital being traded a billion times a minute.

i don't think so i think they are not controlling bitcoin. although a lot chines are investing their monthly income in bitcoin. but it doesn't mean that they are controlling bitcoin. bitcoin is a universal currencies and any one from all over the world can use it and can invest here.

Of course they controlling bitcoin but only they can do is manipulated bitcoin price, i can speak like that because just see when chinese market push the price other exchanger will follow it.

[1Referee]

I think it's fifty-fifty , at one side they mining almost everything nowdays but at other side they can't change price and other sutff, but they can just stop mining  to change price. Voted for yes.

The Chinese are just miners, they mine the coins. Some people buy the mined coins, then they send to west to sell.

China is not only the biggest factor in the mining industry, but they also are responsible for the far majority of the daily trading volumes.

[Wapinter]

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 dont agree that just because some region or country has majority of mining power they can rule or control the bitcoin.Bitcoin is controlled by its user.The region or country that has majority of users and holders of bitcoin will be the one controlling the Bitcoin.If people start dumping their coins and migrate to other cryptocurruncy, what will miners do?It is like a democracy where the ultimate power rest with people no matter who is at the helm of affairs

[mkc]

Bitcoin is not controllable. Bitcoin is not controlled by Chinese, is not controlled by American, nor by anybody any group.
The protocol dedicate how Bitcoin works.

[wiked1]

Those who control the consensus narrative steer bitcoin as all other projects but who controls this really if anyone?Maybe market makers or major movers and shakers have influence over this or mining cartels have some other form of great leverage to influence the decision making process or others who create particular problems that steer the censensus towards their already formulated solution or maybe nothing at all.Chinese miners certainly have influence as do 1 billion potential users of bitcoin but is this the reality or just the illusion?

[Enotche]

Some Bitcoin enthusiasts worry that Chinese influence can undermine the decentralized nature of Bitcoin, which they see as its main advantage over other currencies.
The Chinese influence, which will likely affect the future cryptocurrency arrive by miners in China, as any proposal to upgrade the architecture of Bitcoin miners will require validation.

[danherbias07]

It is possible. You know China they want everything in their hands. It is a large country and if you really look at it there are a lot of websites that are owned by chinese.

[Ned Kelly]

They do not. What can they do? Try HF bitcoin? Possible, but without Bitcoin Core devs it will be unsuccessful. Yes, network hash rate and prices will drop. Will it mean a death for bitcoin? Probably not.

So they can try to destroy it, but they cannot control it.

[mishra1994]

They do not. What can they do? Try HF bitcoin? Possible, but without Bitcoin Core devs it will be unsuccessful. Yes, network hash rate and prices will drop. Will it mean a death for bitcoin? Probably not.

So they can try to destroy it, but they cannot control it.

I dont think they are controlling bitcoin.Yes they are effecting the bitcoin but we cant say they are controlling it.
And please dont say death of bitcoin.If bitcoin dead then i am also half dead.

[Ned Kelly]

I dont think they are controlling bitcoin.Yes they are effecting the bitcoin but we cant say they are controlling it.
And please dont say death of bitcoin.If bitcoin dead then i am also half dead.

Maybe, hedge the risk, buy some litecoin

[boyptc]

I dont think they are controlling bitcoin.Yes they are effecting the bitcoin but we cant say they are controlling it.
And please dont say death of bitcoin.If bitcoin dead then i am also half dead.

Maybe, hedge the risk, buy some litecoin

Well even people are going to try alt coins for sure they are still going to choose bitcoin at all.
I don't believe that China is controlling bitcoin just because most of the miners are Chinese.
All of us are controlling it.

[Tecmand]

I think the Chinese are mainly the miners, there are not much bitcoin related services in China. They are the sellers of bitcoin.

[fitraok09]

the words of controlling bitcoin are you mean might due bitcoin in china most dominated by a rich man. they on there having skill and knowledge for reduce expensive technology use.
so, they are on there create a much bitcoin machine like bitcoin miner in cheaper price. then they sell their product. so do not be surprised if they dominate bitcoin

[Ruhtilg]

I think the Chinese are mainly the miners, there are not much bitcoin related services in China. They are the sellers of bitcoin.

They mainly the workers for the bitcoin. They work hard and secure the bitcoin network. They do not control it.