Is CHINA CONTROLLING Bitcoin?

[cryptovegwha]

I believe that china is one of the largest countries that use bitcoin, maybe they could turn into a bitcoin prices up or down, but I do not think that they control the bitcoin, because it is not just China that use a lot of bitcoin. So many countries are involved.

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[adadaorlina]

Bitcoin network was designed to be decentralized, meaning that no one could control it, or touch it. Although there are a lot of miners from China but it doesn't mean they control it. More countries have largest bitcoin holders and we can't point out the exact reasons why price is going up and down.

[Wahyud11]

China has launched a new capital control regime that will limit overseas investment by Chinese companies. Similar to China's actions against Wealth Management Product (WMP) in October, analysts predict that this regulation will be tightened on overseas investment that will increase demand for Bitcoin.

[spartanrules]

I also don't think that Bitcoin is controlled by China. But in my opinion whales from China are able to effect to Bitcoin price through putting or getting out  a big amount of money, fake news and etc. But these actions have temporary effect.

[HelenS]

they just have a large percentage of mining Bitcoin, that doesnt mean theyre centralizing bitcoin.
But if they work together, they can attack bitcoin.

True! China is a powerful country, and even such thing as BTC can be taken under control. (Though, I don't know what should happen so that BTC became centralized.)

[Ale88]

I don't think China actually control bitcoin, it has already been proved that many of the volumes we used to see on their exchanges were fake, for this reason I don't think they have all this type of control. Are they important? Yes. Are they the most important? No.

[gvnsrbtc]

In my opinion nobody can control bitcoin even they are have lots of bitcoin farm they are just mine on bitcoin not control it but they can control the price just to dump and pump. but i think they don't do that because they are expecting more price increase with bitcoin. and bitcoin is decentralize so that no one can control bitcoin..

[Mihail.B]

My answer is Yes. As far as I know, 56% of the mining pool is located in China, so, in terms of control, it is very likely that China can manipulate this market.

[khangrom001]

most of the bitcoin mining is done in china, but i dont think they can control price

[rawr1620]

no the team that handles bitcoin controls it but i doesnt control its price it is a teram of devs that make and ctonrol bitcoin not a country and companies.

[airdnasxela]

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,  I don't think China is controlling or ruling bitcoin.  China has only a major part of bitcoin community like in the mining but I don't think they are controlling bitcoin.  Controlling means you have a power over someone or something and China do not control bitcoin.  Yes they have a big impact but again, they do not control bitcoin rather they are just one of indicators of the increasing and decreasing of the bitcoin's value.

[xaker74]

Currently, China does not control the situation with bitcoin, because the geography of bitcoin users has become more diverse.

[Vilianms]

Many people now have such speculation that Bitcoin is under the control of China. Perhaps before September last year, China had the right to control Bitcoin, but now the control of Bitcoin is becoming more and more dispersed. China's influence on Bitcoin Less and less.

[bncbnc]

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,  I don't think China is controlling or ruling bitcoin.  China has only a major part of bitcoin community like in the mining but I don't think they are controlling bitcoin.  Controlling means you have a power over someone or something and China do not control bitcoin.  Yes they have a big impact but again, they do not control bitcoin rather they are just one of indicators of the increasing and decreasing of the bitcoin's value.

Not a single country can control bitcoin, as bitcoin is not a centralized currency but still we should also accept the fact that they have big contribution in bitcoin market, and they may be effecting bitcoin market a lot, therefore their importance in bitcoin world cannot be ignore, they are contributing too much in bitcoin world.

[wongdeso]

Obviously not, because bitcoin is created without anyone being able to control it. It's just that China has the largest market, so bitcoin value will be affected with the market in accordance with the market situation, and that's normal.

[Kiss me]

most of the bitcoin mining is done in china, but i dont think they can control price

I think The previous years are much more
fair to most people, but there is no way back now. Even if we wanted, the big-scale players in the mining race would not allow it.
But I still do not think it means that China has bitcoin in its grasp, more like if they have some kind of unfair advantage over the whole world, for now.
I agree on the idea that mining should not be so centralized, as it is now with asic devices.

[Wicked Sick]

Yes the majority mining is concentrated in China but I don't think that they are controlling it. In the early days of Bitcoin, China had too much control over Bitcoin but that is changing now. Most of the large holders of Bitcoin are from the western countries. Also most of the developers are concentrated in the west.

[Hassan02]

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,  I don't think China is controlling or ruling bitcoin.  China has only a major part of bitcoin community like in the mining but I don't think they are controlling bitcoin.  Controlling means you have a power over someone or something and China do not control bitcoin.  Yes they have a big impact but again, they do not control bitcoin rather they are just one of indicators of the increasing and decreasing of the bitcoin's value.

Not a single country can control bitcoin, as bitcoin is not a centralized currency but still we should also accept the fact that they have big contribution in bitcoin market, and they may be effecting bitcoin market a lot, therefore their importance in bitcoin world cannot be ignore, they are contributing too much in bitcoin world.

True there is some people that are knowing the fact of it bitcoin are been controlled by many and if this is true that china has been do this also well we should be respect this for how the market are may affect for every single move they do.

[jump4ever]

The Chinese market undoubtedly influences the price of bitcoin, but does not control it at all! The market is controlled by individuals - big players, and they can be of any nationality! All markets only adjust to the situation!

[Laily alie]

no i do not think so that anyone is controlling bitcoin, i think there is no doubt about this that most of the users of bitcoin are from china and even most of he miners are also from china but it does not mean that China is controlling Bitcoins.