Is CHINA CONTROLLING Bitcoin?

[Sniper44]

not exactly. everyone is free to mine but with chaina as a most mining country they have made it two faced.chaina hates bitcoin but still theyare mining it and that also in a greate scale.its quite confusing to me

exactly, this was said before but i say it here again. about 2 or more years ago US has the highest hash rate in the whole worlds and by then nobody said they are controlling bitcoin.

I don't think this is how Bitcoin's price is being controlled. We are doing it. All of us, even if we've got just a few tens of bucks in our wallets, are controlling the price. But the biggest change we can see with BTC would be if the magnates of Bitcoin would start trading in mass (hundreds of thousands of $$).

ten bucks is really nothing in bitcoin market, have you ever looked at the daily trade volumes? it is 400-500 million dollars each day and an additional 700-800 million dollar in Chinese exchanges.

[universe_]

no i do no think that china is controlling bitcoin but that is a fact that they are really effecting the price of bitcoin because there are a lot of bitcoin users in china.

of course china has a huge influence on bitcoin, i think they are the main people who are controlling the price as their people have the most bitcoins accumulated

[Maesters1-]

no i do no think that china is controlling bitcoin but that is a fact that they are really effecting the price of bitcoin because there are a lot of bitcoin users in china.

yes that is a fact that not a sing country can control bitcoin. and they can only influence it because of the large volume of bitcoin they have, so if they at a time decide to sell their bitcoin then there will be a panic selling and the price can fell down to a lower level, but this will be a temporary down fall and after some time the price of bitcoin will increase again.

[Kewatia]

no i do no think that china is controlling bitcoin but that is a fact that they are really effecting the price of bitcoin because there are a lot of bitcoin users in china.

yes that is a fact that not a sing country can control bitcoin. and they can only influence it because of the large volume of bitcoin they have, so if they at a time decide to sell their bitcoin then there will be a panic selling and the price can fell down to a lower level, but this will be a temporary down fall and after some time the price of bitcoin will increase again.

That is right. The Chinese are just controlling the mining of the bitcoin. They are the security guard for the bitcoin.

[ASHLIUSZ]

no i do no think that china is controlling bitcoin but that is a fact that they are really effecting the price of bitcoin because there are a lot of bitcoin users in china.

yes that is a fact that not a sing country can control bitcoin. and they can only influence it because of the large volume of bitcoin they have, so if they at a time decide to sell their bitcoin then there will be a panic selling and the price can fell down to a lower level, but this will be a temporary down fall and after some time the price of bitcoin will increase again.

That is right. The Chinese are just controlling the mining of the bitcoin. They are the security guard for the bitcoin.

Yet despite the talk of a borderless currency, a handful of Chinese companies have effectively assumed majority control of the Bitcoin network. They have done so through canny investments and vast farms of computer servers dispersed around the country.

[chixka000]

no i do no think that china is controlling bitcoin but that is a fact that they are really effecting the price of bitcoin because there are a lot of bitcoin users in china.

yes that is a fact that not a sing country can control bitcoin. and they can only influence it because of the large volume of bitcoin they have, so if they at a time decide to sell their bitcoin then there will be a panic selling and the price can fell down to a lower level, but this will be a temporary down fall and after some time the price of bitcoin will increase again.

That is right. The Chinese are just controlling the mining of the bitcoin. They are the security guard for the bitcoin.

Yet despite the talk of a borderless currency, a handful of Chinese companies have effectively assumed majority control of the Bitcoin network. They have done so through canny investments and vast farms of computer servers dispersed around the country.

This one of the good thing china is. They accepts anything as long as they can see opportunity to earn some penny. Sad to say but yes they are gaining their profit than those country that considers bitcoin as illegal

[YTBitcoin]

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?

No it is not right that China is controlling bitcoin, bitcoin is spread all over the world, and when we look at its market cap then it is obvious that this market cap is not only from China as if it was only from China then today even the Chinese banks and government will also have involved in bitcoin.

[BTCLovingDude]

no i do no think that china is controlling bitcoin but that is a fact that they are really effecting the price of bitcoin because there are a lot of bitcoin users in china.

yes that is a fact that not a sing country can control bitcoin. and they can only influence it because of the large volume of bitcoin they have, so if they at a time decide to sell their bitcoin then there will be a panic selling and the price can fell down to a lower level, but this will be a temporary down fall and after some time the price of bitcoin will increase again.

That is right. The Chinese are just controlling the mining of the bitcoin. They are the security guard for the bitcoin.

Yet despite the talk of a borderless currency, a handful of Chinese companies have effectively assumed majority control of the Bitcoin network. They have done so through canny investments and vast farms of computer servers dispersed around the country.

This one of the good thing china is. They accepts anything as long as they can see opportunity to earn some penny. Sad to say but yes they are gaining their profit than those country that considers bitcoin as illegal

do you have any proof that China considers bitcoin as illegal, because there are huge mining farms in Chine also there are huge exchange services there with such big daily trade volumes that proves people are in fact trading bitcoin. so it can't be an illegal act there.

[chixka000]

no i do no think that china is controlling bitcoin but that is a fact that they are really effecting the price of bitcoin because there are a lot of bitcoin users in china.

yes that is a fact that not a sing country can control bitcoin. and they can only influence it because of the large volume of bitcoin they have, so if they at a time decide to sell their bitcoin then there will be a panic selling and the price can fell down to a lower level, but this will be a temporary down fall and after some time the price of bitcoin will increase again.

That is right. The Chinese are just controlling the mining of the bitcoin. They are the security guard for the bitcoin.

Yet despite the talk of a borderless currency, a handful of Chinese companies have effectively assumed majority control of the Bitcoin network. They have done so through canny investments and vast farms of computer servers dispersed around the country.

This one of the good thing china is. They accepts anything as long as they can see opportunity to earn some penny. Sad to say but yes they are gaining their profit than those country that considers bitcoin as illegal

do you have any proof that China considers bitcoin as illegal, because there are huge mining farms in Chine also there are huge exchange services there with such big daily trade volumes that proves people are in fact trading bitcoin. so it can't be an illegal act there.

Dude you have to read my post again and understand , well i will explain it to tou again i was actually saying that china adopts bitcoin more than other countries that consider bitcoin as illegal

[posi]

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?

In some ways. It yes cos they own a huge factory as heard which mine bitcoin there and that make bitcoin not profitable for some miners

[ImHash]

question is what can you do about it? or any of us for that matter.
only possible solution is to try and mine outside of china other wise it is what it is.

[posternat]

no i do no think that china is controlling bitcoin but that is a fact that they are really effecting the price of bitcoin because there are a lot of bitcoin users in china.

yes that is a fact that not a sing country can control bitcoin. and they can only influence it because of the large volume of bitcoin they have, so if they at a time decide to sell their bitcoin then there will be a panic selling and the price can fell down to a lower level, but this will be a temporary down fall and after some time the price of bitcoin will increase again.

That is right. The Chinese are just controlling the mining of the bitcoin. They are the security guard for the bitcoin.

Yet despite the talk of a borderless currency, a handful of Chinese companies have effectively assumed majority control of the Bitcoin network. They have done so through canny investments and vast farms of computer servers dispersed around the country.

This one of the good thing china is. They accepts anything as long as they can see opportunity to earn some penny. Sad to say but yes they are gaining their profit than those country that considers bitcoin as illegal

do you have any proof that China considers bitcoin as illegal, because there are huge mining farms in Chine also there are huge exchange services there with such big daily trade volumes that proves people are in fact trading bitcoin. so it can't be an illegal act there.

Hi i dont think bitcoin is illegal in china. China is the biggest industry for bitcoins and as per my knowledge the pump and dump of bitcoins is mainly because of the Chinese investors.

China people already invested a lot in bitcoins due to their down in the value of their own currency.

[zodin]

no i do no think that china is controlling bitcoin but that is a fact that they are really effecting the price of bitcoin because there are a lot of bitcoin users in china.

yes that is a fact that not a sing country can control bitcoin. and they can only influence it because of the large volume of bitcoin they have, so if they at a time decide to sell their bitcoin then there will be a panic selling and the price can fell down to a lower level, but this will be a temporary down fall and after some time the price of bitcoin will increase again.

That is right. The Chinese are just controlling the mining of the bitcoin. They are the security guard for the bitcoin.

yes that is a fact that chinies are effecting bitcoin but they have no control on it, actually not a single country has control on bitcoin, because bitcoin is anonymous and is not under control of any person or any state, people from all over the world are suing bitcoin equally and they are the owner of the bitcoins they have, chines are really good in mining they are influencing bitcoin through mining because they have a good contribution in mining the bitcoins.

[Kewatia]

no i do no think that china is controlling bitcoin but that is a fact that they are really effecting the price of bitcoin because there are a lot of bitcoin users in china.

yes that is a fact that not a sing country can control bitcoin. and they can only influence it because of the large volume of bitcoin they have, so if they at a time decide to sell their bitcoin then there will be a panic selling and the price can fell down to a lower level, but this will be a temporary down fall and after some time the price of bitcoin will increase again.

That is right. The Chinese are just controlling the mining of the bitcoin. They are the security guard for the bitcoin.

yes that is a fact that chinies are effecting bitcoin but they have no control on it, actually not a single country has control on bitcoin, because bitcoin is anonymous and is not under control of any person or any state, people from all over the world are suing bitcoin equally and they are the owner of the bitcoins they have, chines are really good in mining they are influencing bitcoin through mining because they have a good contribution in mining the bitcoins.

The trading volume in the Chinese exchanges is also not trustable. There is no transaction fee in those exchanges.

[electronicash]

I believe they do have the most Bitcoin in the world but i don't think they are controlling it. Besides if they are, we can still move our coins elsewhere. Take ETC for example. So its never an issue if someone country control the coin. We didn't even worry about a particular team controlling one altcoin but we get to buy when they held an ICO.

[drwtsn32]

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.

[ultrloa]

no i do no think that china is controlling bitcoin but that is a fact that they are really effecting the price of bitcoin because there are a lot of bitcoin users in china.

yes that is a fact that not a sing country can control bitcoin. and they can only influence it because of the large volume of bitcoin they have, so if they at a time decide to sell their bitcoin then there will be a panic selling and the price can fell down to a lower level, but this will be a temporary down fall and after some time the price of bitcoin will increase again.

That is right. The Chinese are just controlling the mining of the bitcoin. They are the security guard for the bitcoin.

yes that is a fact that chinies are effecting bitcoin but they have no control on it, actually not a single country has control on bitcoin, because bitcoin is anonymous and is not under control of any person or any state, people from all over the world are suing bitcoin equally and they are the owner of the bitcoins they have, chines are really good in mining they are influencing bitcoin through mining because they have a good contribution in mining the bitcoins.

Although they have the biggest mining hashrate in the world but i dont think china controlling the bitcoins as the matter of fact all of us do the manipulation with it, dont you notice the bigger the bitcoin we the more chances its dump and how much more if many people will do it? Chinese is just a regular consumer of bitcoins and many different nationalities who can be called big whales in bitcoin industry so thats why i dont think they are the one who can decide to pump and dump the bitcoins price.

[designerusa]

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.

[ASHLIUSZ]

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.

[iqlimasyadiqa]

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.

yes. Now china is as the largest bitcoin miner. and now bitcoin transactions in China are very high. I'm sure for some time china can affect the spread and also the price of bitcoin. China as one of the world's largest bitcoin powers.