Is CHINA CONTROLLING Bitcoin?

[Mike Mayor]

I dont think they controlling it but more like doing the hard work for the transactions =) I dont think ot matters where miners are as long as they are there. The blockchain doesnt care about where the miner is. If the Chinese how most of the mining it does not mean they habe the bitcoins too.

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[Positid]

No doubt again if china is the largest bitcoin mining country in the world, I think it is reasonable to be able to control bitcoin. I believe bitcoin rise at the beginning of this year due to the Chinese New Year. many people make bitcoin as a gift in china so that demand continues to rise and the prices are so high. This trend Will continues until last month.

I don't think that they are controlling Bitcoin. But I do think it is fair to say that they have a lot of influence on the price of Bitcoin. They have a huge Bitcoin mining industry and they control most of that. It sort of ruins the point of a decentralized currency if one country has a lot of influence on it.

Yeah in china there is so big bitcoin activity especially on mining also china has the biggest bitcoin stok so china is important part on bitcoin world as big player

That has been said many times, but only one thing is certain is that China has the biggest mining firm business, other than that we cannot assure who are the big bag holders of bitcoin, we are anonymous that's why.

[LegendOF45]

China is not controlling  Bitcoin. But bitcoin mining is done on a large scale in china. I dont think it would help china to control Bitcoin since bitcoin itself is a decentralised currency.

Yes I agree, no one can give the prooved that China is controlling bitcoin, they just give the oppinion but not show the actual data. Many peoples from china also not believe about this news.

[shinratensei_]

51% By Official been in Master and in the Lead by Company derived from China. China can lead because geolocations of encouragement. China has a region size and high plains has some cool weather mouth (Cold).

Cold distinguished location. Suitable for cost saving cooling fan server computer engineering from danger overheated. So the price can compete. In add to labor, employee or labor in china famous-cost offers. So many people Across the World Miners buying services from China.

So it is possible that China controls Bitcoin.

Is only possible that China controls bitcoin. China does control bitcoin. An example, despite the fact China close for New Year holiday, China was the first country where the price of bitcoin first reach $1000 per bitcoin before the year end, so they're creating some kind of rally to look verywell.

I don't think controlling the price is what OP means, he means that they control the Bitcoin network because they own the majority of the hashpower. But I do agree that the Chinese are probably number one reason for the price rally we just had.

Not for controlling the price but have a big influence on the price of bitcoin. With the majority of hash power and a lot of volumes makes the Chinese being possible giving big influence on the bitcoin price.
Chinese has had quite a role in bitcoin.

Thanks mate and it good to see someone tht knew what's going on in the bitcoin world. Don't why people can't understand that this Chinese people has a lot of influence in both the price and mining of bitcoin.

This is an evidence.

All of the prices have dominated by the Chinese exchange.

https://bitcoinwisdom.com/markets/huobi/btccny

I don't need to throw anymore about it. Just see the price of bitcoin especially the Chinese market still be a leader for all. 

[dfox101]

China may have most bitcoin users, it is possibly because people there want to hide their money and move the money outside the country. But they can never control the bitcoin, it is a freely traded token. Like gold, no one can really control the gold.

[Bitcoin0916]

China may have most bitcoin users, it is possibly because people there want to hide their money and move the money outside the country. But they can never control the bitcoin, it is a freely traded token. Like gold, no one can really control the gold.

Yes I think so, even though the user bitcoin china is the biggest but they are not dominant. Users from outside china if combined more so that whatever happens with china will not much influence with bitcoin.

[talikila]

In my view, China controls bitcoin price. As we have detailed numerous times recently, the recent move in Bitcoin has been strongly suggesting increasing fears of capital controls and or expectations of a looming (and quite notable) devaluation of the Yuan against the US Dollar. we saw China's largest nationalist tabloid suggesting that China should consider one-off yuan devaluation to keep the currency stable at equilibrium level. Offshore Yuan is tumbling to new record lows.

[ubitcoin]

51% By Official been in Master and in the Lead by Company derived from China. China can lead because geolocations of encouragement. China has a region size and high plains has some cool weather mouth (Cold).

Cold distinguished location. Suitable for cost saving cooling fan server computer engineering from danger overheated. So the price can compete. In add to labor, employee or labor in china famous-cost offers. So many people Across the World Miners buying services from China.

So it is possible that China controls Bitcoin.

Is only possible that China controls bitcoin. China does control bitcoin. An example, despite the fact China close for New Year holiday, China was the first country where the price of bitcoin first reach $1000 per bitcoin before the year end, so they're creating some kind of rally to look verywell.

I don't think controlling the price is what OP means, he means that they control the Bitcoin network because they own the majority of the hashpower. But I do agree that the Chinese are probably number one reason for the price rally we just had.

Not for controlling the price but have a big influence on the price of bitcoin. With the majority of hash power and a lot of volumes makes the Chinese being possible giving big influence on the bitcoin price.
Chinese has had quite a role in bitcoin.

Bitcoin has become a huge industry.
It has attracted major investments from all around the world, yet Bitcoin is a new kind of digital money and an unusual financial network, it is having something of an identity crisis, in the early days, bitcoin existed beyond the control of any government or country.

But there are many Chinese companies have pumped a lot of money into mining which brings us to think that china is controlling it.

[SHAWN-MIDWAYS]

As things stand china is doing the most mining and the seem to be doing most of the buying as well probably the reason for the rapid price rise.

[Ruhtilg]

As things stand china is doing the most mining and the seem to be doing most of the buying as well probably the reason for the rapid price rise.

The recent pump and dump are led by the Chinese.

[rickadone]

In my view, China controls bitcoin price.

Anyone with large capital will be able to control the price of bitcoin or any stock or even gold. Maybe miners and investors from China are in more numbers and bitcoin is in fact not under the control of them nor any group of people, it is free of authorities and will remain same forever.

[mastica]

There is no way to say which person does have more power at bitcoin, Nakamoto has several coins that he can use anytime and impact the value of bitcoin anytime, sure nowadays chinese are the bag holders along some big investors besides exchanges that has huge power at bitcoin, not control but big power, some whale or person has just dump bitcoin and it lost 300 dollars in seconds, this is what some people does like to buy cheap coins, something werent going to happen for a long period.

[hulla]

51% By Official been in Master and in the Lead by Company derived from China. China can lead because geolocations of encouragement. China has a region size and high plains has some cool weather mouth (Cold).

Cold distinguished location. Suitable for cost saving cooling fan server computer engineering from danger overheated. So the price can compete. In add to labor, employee or labor in china famous-cost offers. So many people Across the World Miners buying services from China.

So it is possible that China controls Bitcoin.

Is only possible that China controls bitcoin. China does control bitcoin. An example, despite the fact China close for New Year holiday, China was the first country where the price of bitcoin first reach $1000 per bitcoin before the year end, so they're creating some kind of rally to look verywell.

I don't think controlling the price is what OP means, he means that they control the Bitcoin network because they own the majority of the hashpower. But I do agree that the Chinese are probably number one reason for the price rally we just had.

Not for controlling the price but have a big influence on the price of bitcoin. With the majority of hash power and a lot of volumes makes the Chinese being possible giving big influence on the bitcoin price.
Chinese has had quite a role in bitcoin.

Bitcoin has become a huge industry.
It has attracted major investments from all around the world, yet Bitcoin is a new kind of digital money and an unusual financial network, it is having something of an identity crisis, in the early days, bitcoin existed beyond the control of any government or country.

But there are many Chinese companies have pumped a lot of money into mining which brings us to think that china is controlling it.

Through my findings and examining. China does dominates both bitcoin mining and trading not to talk of mining requirement(software). Infact, bitcoin power in China continues to raise.

[bajing]

No doubt again if china is the largest bitcoin mining country in the world, I think it is reasonable to be able to control bitcoin. I believe bitcoin rise at the beginning of this year due to the Chinese New Year. many people make bitcoin as a gift in china so that demand continues to rise and the prices are so high. This trend Will continues until last month.

I disagree on this, yes before i have a thoughts like that, but after the price touched $ 1000 it is clear that China can't withstand an increased the prices.

[FrannWilder]

Yes it was controlling it for a big part but right now it is not anymore because of the nice fact that  its less more mine-able these days..

[shinratensei_]

51% By Official been in Master and in the Lead by Company derived from China. China can lead because geolocations of encouragement. China has a region size and high plains has some cool weather mouth (Cold).

Cold distinguished location. Suitable for cost saving cooling fan server computer engineering from danger overheated. So the price can compete. In add to labor, employee or labor in china famous-cost offers. So many people Across the World Miners buying services from China.

So it is possible that China controls Bitcoin.

Is only possible that China controls bitcoin. China does control bitcoin. An example, despite the fact China close for New Year holiday, China was the first country where the price of bitcoin first reach $1000 per bitcoin before the year end, so they're creating some kind of rally to look verywell.

I don't think controlling the price is what OP means, he means that they control the Bitcoin network because they own the majority of the hashpower. But I do agree that the Chinese are probably number one reason for the price rally we just had.

Not for controlling the price but have a big influence on the price of bitcoin. With the majority of hash power and a lot of volumes makes the Chinese being possible giving big influence on the bitcoin price.
Chinese has had quite a role in bitcoin.

But there are many Chinese companies have pumped a lot of money into mining which brings us to think that china is controlling it.

You can spend some of your time to read a little article or news on the internet.
Usually, the Chinese exchange still is the leader for pumping the price of bitcoin. This trend has got started and it will be adopting by the other exchange site in the other seas.
just once fact about the Chinese influence on bitcoin.

[juras54]

controls only one who has the most money, and then as long as China has invested more than anyone else, and most of all volumes

[Positid]

controls only one who has the most money, and then as long as China has invested more than anyone else, and most of all volumes

Yeah, and I'm pretty sure, it's all our perception that china is controlling but in reality we do not know who really is controlling bitcoins. We have to play the game as it is, it's anonymous so we have no clue at all.

[Yuuto]

controls only one who has the most money, and then as long as China has invested more than anyone else, and most of all volumes

Well yes, China has a lot of entrepreneurs and a lot of the earliest bitcoiners are also from China. I think that it is safe to say that the Chinese like to gamble and invest. They like to make money with money, that's why they are dipping their feet in bitcoin.

I don't necessarily think that they are controlling bitcoin though. Maybe the price, and they do own a lot of the hash rate but they haven't formed an alliance as a monopoly.

[ubitcoin]

Yes they do it,  and if you do not believe just check the price and volumes of today, Besides the control of the mining by them is quite obvious.

do you think of high prices and high volume today is a manipulation by the adder of china? I think this is the demand of interested users to continue to buy because they see prices continue to rise?

It is not so easy to manipulate the price of bitcoin, and the current increase of the price of bitcoin is that someone or a state is manipulate the price, in fact the present increase is  because of the increasing demand for bitcoin. If one country people are buying bitcoin in more volume does not mean that they are manipulating.