Is CHINA CONTROLLING Bitcoin?

[prtty2gal2]

absolutely, china is controlling everything ongoing events on bitcoin. Both mining companies and big enterprisers are chinese. for that reasons, they are affecting the prices.

No, China doesn’t control bitcoin, no one controls bitcoin. Because the number of Chinese who are using bitcoin is too high and the fact that China has many mining companies and biggest mining power, everything they do would surely affect the price of bitcoin but that doesn’t mean they own all the bitcoin and have a right to put a stop to it anytime they want.

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[razor5cl]

No, China doesn’t control bitcoin, no one controls bitcoin. Because the number of Chinese who are using bitcoin is too high and the fact that China has many mining companies and biggest mining power, everything they do would surely affect the price of bitcoin but that doesn’t mean they own all the bitcoin and have a right to put a stop to it anytime they want.

Of course they don't have complete control, no one does, but they have a LOT of influence over bitcoin due to their mining power. Them being able to affect prices so drastically already gives them more control than we users have, no one is saying they literally control the idea but since they have more of a hold on it than any other institution or company, it's fair to say they control it.

[chixka000]

No, they don't.
The Chinese people are just too many so it appears that they are controlling it.
Of course, they share the same idea because they live in the same country.
So the movements of their people in the market are the same in majority.

You maybe right but considering that there are a lot of chinese people in this industry. You can merely consider that they are taking control of bitcoin because as they have said that btc transaction should be  decentralized

[JeffBrad12]

absolutely, china is controlling everything ongoing events on bitcoin. Both mining companies and big enterprisers are chinese. for that reasons, they are affecting the prices.

No, China doesn’t control bitcoin, no one controls bitcoin. Because the number of Chinese who are using bitcoin is too high and the fact that China has many mining companies and biggest mining power, everything they do would surely affect the price of bitcoin but that doesn’t mean they own all the bitcoin and have a right to put a stop to it anytime they want.

Okay, the Chinese just having the power to affect bitcoin and not to control them but, whether the manipulating of the price by them is giving a significant effect for their energy to giving a large impact for bitcoin?

[GreenBits]

A question to all those that would question control: If China stopped mining tomorrow morning, if they shut it all down in tandem; would the network exist in a usuable form? Methinks no, it would congest to a crawl.

Control isn't always obvious until it needs to be exercised.

[thejaytiesto]

In a way because the mining power is too strong in china, but china still has to get into agreement with exchanges, merchants, devs, nodes etc. Of course ideally we would like to see more decentralization in the mining scene.

[Red-Apple]

absolutely, china is controlling everything ongoing events on bitcoin. Both mining companies and big enterprisers are chinese. for that reasons, they are affecting the prices.

what you said means China has a lot of the share of hash power and that is all, you can't even say they are controlling bitcoin mining this only means that Chinese people were more adamant about investing into mining equipment than the rest of the world as US was a couple of years ago.

[Bitcoinpro]

If the majority of the Bitcoin hashing power is physically located in China, then the Government of China has sovereign control over Bitcoin.

China has no say watsoeva thats 1 Billion people

u mean how much control can maybe 5 mining CEO's exert

not much because to do so would hurt profits

[macedoniantable]

i would beg to differ in saying that China control a global currency.
They might have the most miners in a particular saturated area in all the world, including those mines that are the size of football fields and army base looking, but I don't think they control what happens to the price or how the influence of bitcoin has on the in the slightest.

[Bitcoinpro]

Country names and nation states are all propaganda terms anyway

in the very least they are a gross generalisations

[Supercrypt]

In a way because the mining power is too strong in china, but china still has to get into agreement with exchanges, merchants, devs, nodes etc. Of course ideally we would like to see more decentralization in the mining scene.

Yeah. It is true that they do not truly control bitcoin but they have enough power to actually influence the value of bitcoin.

But coming up with an agreement across different verticals are not at all possible as not everyone wants to go against the natural flow of bitcoin. Bitcoin is the system where it's success and future are purely based on human physiology as no two peoples never think same for all the things.

[Johnyloco]

Country names and nation states are all propaganda terms anyway

in the very least they are a gross generalisations

They come in rather handy though

China has alot of influence on the price, dont underestimate!

[Ruhtilg]

Country names and nation states are all propaganda terms anyway

in the very least they are a gross generalisations

They come in rather handy though

China has alot of influence on the price, dont underestimate!

I do not think so. The Chinese controls the mining equipment and mining, they do not control the applications.

[csnorthchina]

I don't really think so...

most likely is USA i/o China 

[rhino34567]

Dude, you do know that is stupid right?

[btckold24]

No, they don't.
The Chinese people are just too many so it appears that they are controlling it.
Of course, they share the same idea because they live in the same country.
So the movements of their people in the market are the same in majority.

currently around 80% of all Bitcoin is traded in Chinese Yuan. China has maintained more than 50% of the global Bitcoin market ever since of 2013, so we can say China is controlling bitcoin.

holy crap thats scary! doesnt surprised though China basically owns the USA with all the debt thats owed and all the things we
need from china

[target]

No, they don't.
The Chinese people are just too many so it appears that they are controlling it.
Of course, they share the same idea because they live in the same country.
So the movements of their people in the market are the same in majority.

currently around 80% of all Bitcoin is traded in Chinese Yuan. China has maintained more than 50% of the global Bitcoin market ever since of 2013, so we can say China is controlling bitcoin.

holy crap thats scary! doesnt surprised though China basically owns the USA with all the debt thats owed and all the things we
need from china

You can all check whats written under your mouse, check if it says "Made in China" if it says so, then it is what it says it is.
China has billions of population that is why Antshare https://bitcointalk.org/index.php?topic=1571738.0 can be a good investment for us crypto users. The ICO has just started and it now got 1200+ btc.

[Kewatia]

No, they don't.
The Chinese people are just too many so it appears that they are controlling it.
Of course, they share the same idea because they live in the same country.
So the movements of their people in the market are the same in majority.

currently around 80% of all Bitcoin is traded in Chinese Yuan. China has maintained more than 50% of the global Bitcoin market ever since of 2013, so we can say China is controlling bitcoin.

holy crap thats scary! doesnt surprised though China basically owns the USA with all the debt thats owed and all the things we
need from china

You can all check whats written under your mouse, check if it says "Made in China" if it says so, then it is what it says it is.
China has billions of population that is why Antshare https://bitcointalk.org/index.php?topic=1571738.0 can be a good investment for us crypto users. The ICO has just started and it now got 1200+ btc.

The Ethereum investment could be better than those ICO. The ICO is too risky for most bitcoin holders.

[marcus_of_augustus]

No, they don't.
The Chinese people are just too many so it appears that they are controlling it.
Of course, they share the same idea because they live in the same country.
So the movements of their people in the market are the same in majority.

currently around 80% of all Bitcoin is traded in Chinese Yuan. China has maintained more than 50% of the global Bitcoin market ever since of 2013, so we can say China is controlling bitcoin.

holy crap thats scary! doesnt surprised though China basically owns the USA with all the debt thats owed and all the things we
need from china

You can all check whats written under your mouse, check if it says "Made in China" if it says so, then it is what it says it is.

I just checked on the back of my bitcoins and it says the same "Made in China" ... f$!%!

[overthetop2011]

I do not think so , bitcoin belongs to the whole internet world.