Is CHINA CONTROLLING Bitcoin?

[vero]

I think China can't control bitcoin even though we know that most of bitcoin on hold by China, they can only menanipulasi price until we find a new investor who dared to buy as bitcoin from china market.

[shinratensei_]

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?

China's government can't control bitcoin but 47 people that own 90% of the supply do, just like the 3 largest Chinese mining farms control the 70% of volume and network speed.

[hv_]

Looks like China has

most mining power

most ASIC producing power

most trading power

most owning power (hard to proof - see trading & mining)

nodes ?

coding ?

[FLoving]

No China is not controlling bitcoin, but they are more interested and more active in the field of bitcoin, that is why we feel like China has a controll on bitcoin.

[mobilestrike]

No, China do not control bitcoin, and if you are telling that because of their support to it then I will say there are other country also who are supporting more than China, like USA, I think about more than 50% people have adopted bitcoin till now.

[Kewatia]

Looks like China has

most mining power

most ASIC producing power

most trading power

most owning power (hard to proof - see trading & mining)

nodes ?

coding ?

There are very few nodes and very few coding by the Chinese. They should contribute more to the coding and promote bigger block size.

[marcuslong]

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?

Yes if they have big funds of bitcoin i think they can manipulate it and if they have big funds also to pump this bitcoin. But if all in china will unite i think they can manipulate it easily because many in china that has many money that can use in mapulating bitcoin. But for me manipulating bitcoin will not profitable but if they manipulate it that this bitcoin price will up. I think it is profitable

[aso118]

Even if Chinese companies did control Bitcoin, what is the point?
They can't derive unnatural profits - Any attempt to do so would only devalue Bitcoin and the possibility of making profits.

[wintermeasures]

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 so, but we know that the China market is very strong with bitcoin, and bitcoin purchase large volumes from there. And it often makes other markets to follow the movements of the market china. Thank you

[BitcoinHodler]

Chinese have always been big investors in bitcoin and a lot of other altcoins, and they also have been mining it on the side.

but to think they are controlling bitcoin is a little but too far to go as theories go.

[serjent05]

Who cares?  It doesnt bother me if China control bitcoin,  but my thinking is no.  There might be alot of Chinese people that are involved in Bitcoin, and this people are in for profit. But still for them to profit they need a larger audience to sell their holdings, that means the other population of the world.  With this scenario, do you think China can control BTC?  Returning to the title, if China control BTC, am sure countries like USA , UK and other World Power will create or endorse another crypto that China have little control, leaving China alone to their controled BTC.

[btc-facebook]

I think it's reasonable since they have massive bitcoin player ( big investor and big exchanger that have massive amount of transaction )
Especially halving getting near to happen, they will do something for make some profit so they buy it and Hold !

[harizen]

No one will ever control bitcoin, that's it.

In terms of bitcoin price, Chinese exchanges always starting the trend in most of the cases, if they succeed in one exchange they will transfer to other exchange. If will be eaten by other exchanges, then that is the start of the price surges. Same goes as well to the other exchanges.

[KaliLinux]

No one will ever control bitcoin, that's it.

In terms of bitcoin price, Chinese exchanges always starting the trend in most of the cases, if they succeed in one exchange they will transfer to other exchange. If will be eaten by other exchanges, then that is the start of the price surges. Same goes as well to the other exchanges.

I think those people have just have some high part of mining BTC. But we can't say that they centralised bitcoin.
May be if they worked as a team. It may be  possible

[Superbitzz]

no i dont think so. i think bitcoin is now become a global currency and not a regional one. therefore i dont think that china or any other country can control the bicoin. i think these are just the false news.

[Ruhtilg]

no i dont think so. i think bitcoin is now become a global currency and not a regional one. therefore i dont think that china or any other country can control the bicoin. i think these are just the false news.

I agree with that. Most bitcoin are controlled by the western investors. You can name many of the large holders.

[ning_chang]

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 believe that China is the control of bitcoin. because based on my studies. satoshi that the word comes from the japanese. He seems to be the invention of bitcoin. the mean bitcoin. That is the money of the computer. which you can exchange a real money

[krishnapramod]

China is controlling bitcoin in the sense that it is the world's most populated country and most importantly Chinese adopted bitcoins early and as their markets are not stable in the last few months, a chunk of Chinese population is arming themselves with bitcoins to steer away from the possible threat of financial crisis (Majority of China's people were using bitcoins before Greece crisis and this crisis made them smarter).

Bitcoin is decentralized and it cannot be easily controlled even by the world's largest populated country.

[hv_]

Do Chinese love to own  USD really ?

Or is BTC just the right 'intermediate' / unpolitical currency - so good to have?

[boyptc]

Do Chinese love to own  USD really ?

Or is BTC just the right 'intermediate' / unpolitical currency - so good to have?

Well the reality is that most miners are Chinese so it tends that they are the one who has a lot of miners and it misleads that they are controlling bitcoin. They aren't the one controls bitcoin but all of us who are consumers that give demand to bitcoin.