Is CHINA CONTROLLING Bitcoin?

[cryptocurrenciesboom]

Something tells me that they may have controlled bitcoin up to a certain point, but when the price rose sharply, they decided to get rid while the bitcoin was expensive and just sold everything to everyone and made money. Now, bitcoin is being controlled not only by China, but the price of bitcoin wants to be better.

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[Veterock]

Of course it's true! Who do you think controls the extraction of minerals? Miner or owner of the mine?)

[billsted86]

China has been supporting Bitcoin for a long time. China is a big country which is playing a role in improving Bitcoin from Bitcoin. So they can control Bitcoin. It is true that some people in China are controlling Bitcoin but this is something else.

[yangdd]

In the past as China holds the majority of bitcoin mining, they try to have the control on the entire network. So once after the inspection by PBOC a majority of exchanges got left from the profiting. Now little after that once again when the yaun fell the control went out of it.

[jefrihunter]

well 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 and they are on there create a much bitcoin machine like bitcoin miner in cheaper price. then they sell their product. so do not be surprised if they dominate bitcoin. Instead let us also make that possible

[tazman]

it looks like it will not happen its just that there are many so that when conducting transactions in large amounts the effect will affect the price of bitcoin

[Girlsbit]

China can control only its bitcoins.  Well, let them have almost all farms, but they do not work for the state.

[tambok]

China can control only its bitcoins.  Well, let them have almost all farms, but they do not work for the state.

That is right, but as of today we don't know how much they have bitcoin in their country so we don't know if they are controlling it, there are many people who are controlling the market so I don't think that they can still manipulate it.

[AltCoinBuddah]

no one can control the bitcoin unless the users of its own, china control bitcoin I guess it's just a rumor that in fact there was its large, many mine miner bitcoin, the stock ownership of BTC there are also many, so when there is a sale on a large scale in china then it will affect the price of bitcoin

[Verde_Mantis]

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 don't think China is controlling bitcoin but for the whales etc maybe it's a good thing if people think that's true so every time someone says that "China wants to ban bitcoin" everybody freaks out and sells, so they buy.

[SangitAlam]

Korean also heavily into crypto...

[christofyler]

I think no thou they may have the highest market but I don't think they can control Btc. 

[alfs75]

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 dont thinks so,that china would controlling the bitcoin,this is a serious allegation,maybe some of the factors we can say that china is one of the great capable miners in terms of mining bitcoin in there country because they are capable of creating there own rigs ,and controlled some foreign ICO project  to not make operation in there  own homeland,because they want to create there own chinese currency, therefore controlling the whole part of bitcoin is  a big question,because chinese is not so powerful, in terms of crypto investment.

[xiebaowang]

BTC is decentralized, which means that no country or organization can control BTC!
Although China's mines have a hashing power of over 51%, this is just a way for them to earn BTC!
And the Chinese government is gradually outlawing mines in China. They simply do not want to control BTC!

[zorko34]

yep, China is the country who hold the majority of bitcoin available world wide! this firs big farms were born in China and USA!
so I'm not surprised to know that Chinese can control the price of Bitcoin!
China maybe is also going to rule the world in only a decade...

[rollingstorm45]

China is the world's largest bitcoin holder, they believe in cryptocurrency, except ICO
the Chinese government is very good at exploiting opportunities, so they are easier to control the market
and in my opinion, China is in control of the market and I am very happy if I can speak Chinese because my friends from China

[brylle34]

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?

They are not controlling bitcoin but what are they doing is a pure strategy that affects coin market. like we all know China is the world's largest bitcoin holder, in terms of business and strategy they are one of the best.

This is how China's looks into bitcoin
“In China, bitcoin is one thing and in America and Europe it is another thing,” Liao said as we sipped tea from porcelain cups on the villa’s top floor. Our host, Wu Bi, explains there is no competition between cryptocurrencies and the government-controlled renminbi, at least as the government sees it. “In China our government says bitcoin is not a currency, it is a commodity, so there is no chance it will compete with the renminbi,” Wu told me in Chinese, with Liao translating. “Bitcoin is a great idea, but in China we care more about blockchain.”

Wu and his Chinese compatriots are focused not on the currency, but on the technology behind it. Blockchain is simply a technical way to record encrypted transactions that are distributed across a computer network; once entered they cannot be altered. Instead of using blockchain, or bitcoin, as a permissionless cryptocurrency, banks want to shoe-horn some of bitcoin’s features into current transaction systems to create a low-cost network that, crucially, would require administrators to grant users access. Those administrators, of course, would be banks, or central banks. “Different countries may have different ideas about what is government, and what is the liberty of individuals,” Wu says.

source: https://qz.com/1072907/why-china-is-so-hot-on-bitcoin/

[Ronaldohi]

I don't think China is controlling bitcoins. Bitcoins is a fee online cyptocurrency and it must not be controlled by any country.

[CrazyCrypto2547]

china is getting into crypto alot this year so yeah probably..

[smithryan]

The miners are in china because china has the best possible electricity bill because they have the best position in the planet to become miners,But of course it is hard to know what is going to happen with Bitcoin and that is the problem.