Tambu
Jr. Member
 Offline
Activity: 224
Merit: 3
|
 |
June 24, 2018, 12:21:27 PM |
|
China could not control it but the businessmen in China could. They pump and dump on their own advantage. And, the majority of btc farm is in China which could greatly affect the market.
|
MONARCH | THE COMPLETE CRYPTO SOLUTION | Private Sale is LIVE!
▬▬ "Be your own KING" | PRE-SALE: JUNE 15, 2018 ▬▬▬▬▬ |
|
|
|
|
|
|
|
|
|
|
|
The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
Bugsbey
Newbie
Offline
Activity: 182
Merit: 0
|
|
June 24, 2018, 12:27:44 PM |
|
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 China will or can control bitcoin. It is not only them who are investors and supporting bitcoin. Japan and other European countries are also supporting bitcoin. |
|
|
|
|
teambigas1
Newbie
Offline
Activity: 58
Merit: 0
|
|
June 24, 2018, 12:59:13 PM |
|
i think yes . china is a big country and china can buy anything
|
|
|
|
|
Yatsan
Legendary
Offline
Activity: 2394
Merit: 1231
Leading Crypto Sports Betting & Casino Platform
|
|
June 24, 2018, 01:25:30 PM |
|
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 think china can not controlling bitcoin and impossible to control it the china is a big country and big percentage if the bitcoin ban in china the value of bitcoin is down to low. Just because China holds a large amount if bitcoin miming facilities in their territory doesn't meant gey are directly co trolling the price and even so the power of bitcoin. The power they have with bitcoin is the same as ours only. And that is being able to become a part of the increase or decrease i bitcoin's overall value. After all, bitcoin is most known as a cryptocurrency with a decentralized nature which makes it impossible for this country to milk money from bitcoin. |
| ..Stake.com.. | | | ▄████████████████████████████████████▄
██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄
██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████
██ ██████████ ██ ██ ██████████ ██ ▀██▀
██ ██ ██ ██████ ██ ██ ██ ██ ██
██ ██████ ██ █████ ███ ██████ ██ ████▄ ██
██ █████ ███ ████ ████ █████ ███ ████████
██ ████ ████ ██████████ ████ ████ ████▀
██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
██ ▀▀▀▀▀▀▀▀▀▀ ██
▀█████████▀ ▄████████████▄ ▀█████████▀
▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄
██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█ ▄▀▄ █▀▀█▀▄▄
█ █▀█ █ ▐ ▐▌
█ ▄██▄ █ ▌ █
█ ▄██████▄ █ ▌ ▐▌
█ ██████████ █ ▐ █
█ ▐██████████▌ █ ▐ ▐▌
█ ▀▀██████▀▀ █ ▌ █
█ ▄▄▄██▄▄▄ █ ▌▐▌
█ █▐ █
█ █▐▐▌
█ █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀ ▐█▌ ▀█▄
██ ▐█▌ ██
████▄ ▄█████▄ ▄████
████████▄███████████▄████████
███▀ █████████████ ▀███
██ ███████████ ██
▀█▄ █████████ ▄█▀
▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀
▀███████ ███████▀
▀█████▄ ▄█████▀
▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
quinoa
Newbie
Offline
Activity: 57
Merit: 0
|
|
June 24, 2018, 01:36:33 PM |
|
yes Bitcoin is created by Chinese computers in China Look this chart all bigest enterprises are Chinese https://blockchain.info/fr/pools |
|
|
|
|
meidut
Jr. Member
Offline
Activity: 201
Merit: 1
|
|
June 24, 2018, 01:44:53 PM |
|
It's more a calculated influence than control. Bitcoin is a small market cap at around 12 billion. This means that just a few million dollars from China, into or out of the market, will impact short term pricing.
|
|
|
|
|
|
shafi alam
|
|
June 24, 2018, 01:59:26 PM |
|
No,
China didn't control bitcoin, but china has a big user of bitcoin.
if china govt. make roll for china people, they should follow it and that's why if china do any thing there roll it will effect on bitcoin.
|
|
|
|
|
|
shafi alam
|
|
June 24, 2018, 02:05:16 PM |
|
Bitcoin creator who is a unknown person is called shatoshi nakamoto. On one knows where is live. and Is this one person or a group of person no one knows. |
|
|
|
|
cyberkuto
Newbie
Offline
Activity: 168
Merit: 0
|
|
June 24, 2018, 02:08:33 PM |
|
YES they do and its a rather large percentage
On my own opinion, no one would control it. They could invested a lot on it through mining but controlling bitcoin itself is totally impossible. |
|
|
|
|
youngsoft
Newbie
Offline
Activity: 266
Merit: 0
|
|
June 24, 2018, 02:09:39 PM |
|
We as a whole think chinese are the biggest excavators of bitcoin yet I don't figure this can be considered as chinese controlling bitcoin as each one of those mining power are very much circulated all through china so nobody mining organization can control the bitcoin record. So it might in any case be viewed as very much decentralized inside china and china as greatest mining nation.
|
|
|
|
|
|
shafi alam
|
|
June 24, 2018, 02:15:08 PM |
|
China could not control it but the businessmen in China could. They pump and dump on their own advantage. And, the majority of btc farm is in China which could greatly affect the market.
No big company will invest there investment in vouge things. Because bitcoin haven't any physical prove. Without evidence any company won't invest in bitcoin. |
|
|
|
|
|
shafi alam
|
|
June 24, 2018, 02:18:02 PM |
|
YES they do and its a rather large percentage
On my own opinion, no one would control it. They could invested a lot on it through mining but controlling bitcoin itself is totally impossible. china can't control directly bitcoin. They have massive user of bitcoin, they change there rolls and it will impact on bitcoin. they haven't full control. |
|
|
|
|
QuestionAuthority
Legendary
Offline
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
|
|
June 25, 2018, 12:45:41 AM |
|
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...
You may be right. The Chinese yuan is soon going to become the worlds next reserve currency. China FTW! Doubtful. It is obvious that the IMF is grooming the Special Drawing Right (SDR) as the new world reserve currency. There is also a quite compelling argument that Chinas massive purchases of Gold is in order to pull their gold_reserve/GDP ratio in line with that of other major currencies, such that the Yuan can be included in the basket that makes up the SDR. The G7/G20 act like the insiders are fully invested in these plans. Will crypto waylay their plans? Probably not in the near term. We can hope for the longer term. Perhaps. As long as someone bumps murrica out of the lead I don’t care. No one will ever accept SDR as the worlds reserve currency but the Yuan has been third in line in the SDR since 2015. |
|
|
|
Sheentaide
Member
Offline
Activity: 117
Merit: 10
|
|
June 25, 2018, 01:04:29 AM |
|
no person controls Bitcoin, just as no one has email operation era. Bitcoin is managed via all its customers worldwide. builders can indeed enhance Bitcoin software program, however they cannot enforce adjustments within the Bitcoin protocol because all users are loose to pick the software and model they need to use.
|
|
|
|
|
haconghoan89
Newbie
Offline
Activity: 126
Merit: 0
|
|
June 25, 2018, 01:21:19 AM |
|
If you say china directly control the bitcoin, of course not because basically bitcoin can not be controlled by anyone. But perhaps with the biggest market in china, it will have an impact on rising and falling bitcoin prices. It just seems to have an impact on the market situation, not on the bitcoin system.
|
|
|
|
|
campusnet
Member
Offline
Activity: 481
Merit: 11
|
|
June 25, 2018, 01:36:37 AM |
|
If you say china directly control the bitcoin, of course not because basically bitcoin can not be controlled by anyone. But perhaps with the biggest market in china, it will have an impact on rising and falling bitcoin prices. It just seems to have an impact on the market situation, not on the bitcoin system.
that is, the big market in China is very influential on price movement of bitcoin. because the possibility of circulation of money there is very large, therefore it can be like controlling bitcoin prices, but it is not. bitcoin prices move based on market conditions. |
|
|
|
innocentlamb
Newbie
Offline
Activity: 59
Merit: 0
|
|
June 25, 2018, 01:41:02 AM |
|
China plays a very important role in the crypto world and everyone knows that some of the biggest Bitcoin investors/whales are from China indeed. Is this country controlling Bitcoin, is not an easy question to answer, but I'm sure that it has a very big influence on the crypto market in general. Not only Chaina, but whole Asia.
|
|
|
|
|
tonyteo13
Newbie
Offline
Activity: 73
Merit: 0
|
|
June 25, 2018, 02:38:09 AM |
|
Actually China has the highest number of users and miners as well.So having Chinese as the mining farm worker actually does not mean that they control over Bitcoin itself.
|
|
|
|
|
KithK
Newbie
Offline
Activity: 28
Merit: 0
|
|
June 25, 2018, 02:43:26 AM |
|
yes, due to its large mining pool.
But it doesn't mean that the government can intervene to its currency
|
|
|
|
|
|
Poll
