Is CHINA CONTROLLING Bitcoin?

[freshman777]

Many speculations but no evidence at all that China is controlling Bitcoin. In fact I don't beleive that any country is controlling the Bitcoin. If that ever happens, that one or more countries take control over it then Bitcoin will lose one of it's main characteristics, that is independent and with no control of any institution.

70% of hashing power is coming from China, what other evidence do you want?

[~Bitcoin~]

---snip----
the miners are also more from their country ---snip---

And also most of the bitcoin volumes comes from china wheenver there is pump or dump this also proves that china have majority of bitcoins, so in this sense it is called that china is controlling bitcoin. Specially price...

[Kewatia]

The Chinese are just employed to make the miners and support the bitcoin network. The mined bitcoin will be trasnfered to the West later.

[Enotche]

Roughly speaking, yes...i think...

-AntPool - 17.82%
It is run Bitmain, a Chinese company for the production of powerful computer equipment with headquarters in Beijing. Pool Guide calls itself the largest cloud Mining and states that the company's technology is used 56% of miners in the world.

-DiscusFish / P2Pool - 16.49%
Chinese pool exploit two enthusiast Wang Chun and Moa Shigang. Pool equipment owned 100% of the capacity provided by consumers.

-BTC China Pool - 13,74%

-BW Pool - 7,68%
Another Chinese pool. Despite the volumes, almost advertised in English-speaking Internet.

The rest of the pools mining control less than 5% of the market each. Among them are five unknown miners, which together control 4,36% Bitcoin.

[romero121]

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. I even believe that Japan took control of bitcoin, based on my knowledge. because when China took control of coins ,? wow edi

China has the highest users as well miners. For this reason more people believe bitcoin is controlled by China..

[CoinFoxs]

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 now Controls Bitcoin (and that's just the Beginning)...

https://www.cryptocoinsnews.com/china-now-controls-bitcoin-thats-just-beginning/

China’s central bank, the People’s Bank of China (PBOC) has revealed that it is in discussions to launch its own digital currency. What does this mean for Bitcoin?

https://www.cryptocoinsnews.com/chinas-plans-launch-currency-might-affect-bitcoin/

[7788bitcoin]

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 now Controls Bitcoin (and that's just the Beginning)...

https://www.cryptocoinsnews.com/china-now-controls-bitcoin-thats-just-beginning/

China’s central bank, the People’s Bank of China (PBOC) has revealed that it is in discussions to launch its own digital currency. What does this mean for Bitcoin?

https://www.cryptocoinsnews.com/chinas-plans-launch-currency-might-affect-bitcoin/

If you say Chinese owns more mining sites and more bitcoins, this maybe true. However, I don't think they will try to control bitcoin- these people want freedom and not control.

As for the Chinese PBOC digital currency, it just can't be compared with bitcoin. It is centralized, and even if it uses blockchain, it will still not giving the users what they needed- a globally accepted and decentralized digital currency!

[Schuyler]

I don't think China is controlling bitcoin already. It is just that more Chinese are seeking alternatives to yuan and their stock market, and bitcoin is what they think would fit what they are looking for. They might be influencers when it comes to price, but they for sure don't control it.

[sempak]

I think the strength of china can make them control the bitcoin. btcoin users in China very much. I am pretty sure china is one bitcoin strength in the future. they will have an effect on any action that could alter bitcoin prices in the market.

[Shinpako09]

They arent, they only control the price of bitcoin. I believe most of the recently big pump and dump are controlled by Chinese. Its not surprising they have a lot of miners and whales as well.

[Nevis]

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?

haha. indifferent to the china bitcoin. I think the Japanese control of bitcoin. because the words of satoshi. is a japanese name.

[simplelife888]

i think chine conrolling bitcoing price and they are spacualte bitcoin price too when we analysis bitcoin price we can understand easy there is a speculation who want to do it i think chine doing it

[Nevis]

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. I even believe that Japan took control of bitcoin, based on my knowledge. because when China took control of coins ,? wow edi

China has the highest users as well miners. For this reason more people believe bitcoin is controlled by China..

ohh. I do not think many religious china knows bitcoin. maybe around the world knows bitcoin.

[Nevis]

Many speculations but no evidence at all that China is controlling Bitcoin. In fact I don't beleive that any country is controlling the Bitcoin. If that ever happens, that one or more countries take control over it then Bitcoin will lose one of it's main characteristics, that is independent and with no control of any institution.

70% of hashing power is coming from China, what other evidence do you want?

ohh. I do not think many religious china knows bitcoin. maybe around the world knows bitcoin.

[Acebits]

i think chine conrolling bitcoing price and they are spacualte bitcoin price too when we analysis bitcoin price we can understand easy there is a speculation who want to do it i think chine doing it

Yup they are controlling the bitcoin price as they are very good speculators and their government is facing huge debt problems and their economy can also collapse like Greece and Argentina, so they are well aware of it and have started taking precautions as early as possible.

[iqlimasyadiqa]

China is a major economic force in the world today. they are comparable with the united states of america. economic strength is growing so fast. as well as on bitcoin, they also control bitcoin because most bitcoin now scattered in china.

[Suthra]

China is a major economic force in the world today. they are comparable with the united states of america. economic strength is growing so fast. as well as on bitcoin, they also control bitcoin because most bitcoin now scattered in china.

Its not that bitcoin is scattered in China, its the bitcoin nodes and the big mining farms are present in china due to low electricity fees and the setup costs for setting a mining farm, probably there are still US based persons controlling those farms in China.

[Bitware]

Miners control Bitcoin. If you are worried about other miners holding to much control, then invest in mining.

[Watershin]

Miners control Bitcoin. If you are worried about other miners holding to much control, then invest in mining.

But mining will not be so profitable after halving, so why see your money going in rabbit hole?
I think with that money doing trading will be a nice idea, isn't it?

[andromeda876]

Chines people are interesting bitcoin so much  and chine is so crowded contry it is important bitcoin price to i m nıt sure they are controling bitcoin but chines people effective in prices