It's clear now China have higher amount bitcoin

[bassong]

The trading volume before few years was dominated by the Chinese exchanges (+fake volume in some cases) but actually it is dominated by the Western one. For the bitcoin holders, it is hard to estimate which part of the world owns more bitcoin but what it is clear that BTC will not be affected so much in case of a total ban.

The Chinese government relishes banning/blocking everything they perceive as a treat to their power. From gmail, google, you tube, Wikipedia, facebook and many more, that has not stopped these companies from growing from strength to strength. It will be no different with bitcoin.

[InvoKing]

The trading volume before few years was dominated by the Chinese exchanges (+fake volume in some cases) but actually it is dominated by the Western one. For the bitcoin holders, it is hard to estimate which part of the world owns more bitcoin but what it is clear that BTC will not be affected so much in case of a total ban.

The Chinese government relishes banning/blocking everything they perceive as a treat to their power. From gmail, google, you tube, Wikipedia, facebook and many more, that has not stopped these companies from growing from strength to strength. It will be no different with bitcoin.

Indeed, i doubt that the Chinese mesures will affect the trading volume in Chinese yuan if the exchanges started operating in the territories out of the government control.
Banning bitcoin isn't a solution since people will continue buying and selling it peer to peer using localbitcoin or even in the dark market...

[bitcoinisbest]

The trading volume before few years was dominated by the Chinese exchanges (+fake volume in some cases) but actually it is dominated by the Western one. For the bitcoin holders, it is hard to estimate which part of the world owns more bitcoin but what it is clear that BTC will not be affected so much in case of a total ban.

I think couple of years before it was China who use to hold more than 50% of the total btc available in the market. But after US & Japan has come in this space they have started to acquire their % and now mostly its widely spread between different counties and also few of the developing countries do have some share in the bitcoin trading.

[Karpeles]

The trading volume before few years was dominated by the Chinese exchanges (+fake volume in some cases) but actually it is dominated by the Western one. For the bitcoin holders, it is hard to estimate which part of the world owns more bitcoin but what it is clear that BTC will not be affected so much in case of a total ban.

I think couple of years before it was China who use to hold more than 50% of the total btc available in the market. But after US & Japan has come in this space they have started to acquire their % and now mostly its widely spread between different counties and also few of the developing countries do have some share in the bitcoin trading.

I think you missed the part of fake volume. For years the Chinese exchange operated with low fee and when it ended the volume dropped like a stone, so there is no way to know in what extend they were the biggest player or the biggest manipulators.

There is no way to know the nationality of the biggest hodlers too because it is hard to connect addresses to nationality and people may have as many addresses as they want.

[ihsanskanzaone]

it is certain that china has the largest amount of bitcoin in the world because
 of the number of pendudukaonline so digital currency like bitcoin will be widely
 used in the country but the latest blowing news that china will ban the circulation
 of bitcoin which I think this will only be a mere issue in because if chinese prohibits
 bitcoin in the country which is the world's largest bitcoin users so if bitcoin is really
banned in the country it will have an impact on the country's economy

[richardsNY]

I think you missed the part of fake volume. For years the Chinese exchange operated with low fee and when it ended the volume dropped like a stone, so there is no way to know in what extend they were the biggest player or the biggest manipulators.

It was one big troll show where bots were constantly selling and buying into their own orders. It went even so far, that bots were pumping through with 10,000 BTC orders frequently. Flash traders basically ruined that entire market with their insanely aggressive way of trading -- no wonder that the Chinese authorities decided to jump in and put a stop to this. What people are seeing right now are their actual and legit trading volumes -- from a few million traded coins per day, to now between 10-20,000 BTC per day. South Korea has greatly surpassed China in terms of volume, and that's a damn fact.

[tiptopgemdotcom]

Just remember gold standarts from history. Sometimes governments want to play big. Maybe this is the real reason behind that "banning crypto" theme.Speculation is root of all evil

[Mpamaegbu]

lol where you have been all this long ?
of course chinese is the biggest holders,the majority the miners came from chinese.
that mean they are the ruller in this cryptocurrency,they can decide the market price move upward or downward.
with a single statement they can blow the market,and with a single statement they can blow the market.
so obviously they have the 'highest' amount Bitcoin other than else.
more than half of it was in their hand

That most of the miners are based in China because of cheap labour and constant electricity supply does not mean that China holds the highest number of Bitcoin. This is the point where I disagree with posters who believed that. Has anyone thought that the Chinese miners could be mining and selling off immediately instead of keeping the coins? This is highly possible. So, if they sold off, they don't hold it then. Again, I believe why the news from China shook the crypto world is because China is a world leading economy. Any news on the economy from that country should understandably affect the rest of the world.

[winterland]

In last week bitcoin price because of Chines police regarding  BTC and made affect for rate so here China have higher rate  it's rights or not

Bitcoin was trading at a premium in China compared to global exchanges, prior to the government's crackdown. But all that changed once the government took action. If you check coinmarketcap.com Now, you will find Bitcoin trading at a significant discount in China.

It is not as surprising, China is liking less and less the fact that bitcoin allow their citizens to avoid their restrictions this is why bitcoin traded with a premium there, but now that it seems that window is going to close then people have not more remedy than to sell for a discount.

[eaLiTy]

In last week bitcoin price because of Chines police regarding  BTC and made affect for rate so here China have higher rate  it's rights or not

There is no policy from China that affects bitcoin or its underlying technology ,the only thing they try to do is regulate the free fall market and restrict those fake volume we usually see from those market and the market fell with these news,since majority of the mining farms are operating from China they do have higher amount of coins but i am not sure the volumes they showcase in these exchanges are exact.

[Surrapatt]

Maybe once China has a high amount of bitcoin. So, when China banning, the price of bitcoin on market instantly plummeted. But in my opinion, this is just a form of China's economic maneuver in cryptoworld.

[Ayiranorea]

Maybe once China has a high amount of bitcoin. So, when China banning, the price of bitcoin on market instantly plummeted. But in my opinion, this is just a form of China's economic maneuver in cryptoworld.

Its not may be once, in reality even now China holds the majority of bitcoin circulation even after few countries making it an legal payment. Moreover the entire cryptocurrency network getting dump in regards to the changes happening with China is an proof that till days they have major control over bitcoin.

[Trela]

The trading volume before few years was dominated by the Chinese exchanges (+fake volume in some cases) but actually it is dominated by the Western one. For the bitcoin holders, it is hard to estimate which part of the world owns more bitcoin but what it is clear that BTC will not be affected so much in case of a total ban.

The Chinese government relishes banning/blocking everything they perceive as a treat to their power. From gmail, google, you tube, Wikipedia, facebook and many more, that has not stopped these companies from growing from strength to strength. It will be no different with bitcoin.

Indeed, i doubt that the Chinese mesures will affect the trading volume in Chinese yuan if the exchanges started operating in the territories out of the government control.
Banning bitcoin isn't a solution since people will continue buying and selling it peer to peer using localbitcoin or even in the dark market...

Bans Bitcoin just makes the cryptocurrency market become worse than the past, it cannot stop Bitcoin users trade their coin. And like your said, Bitcoin will be currency for dark market.

[tweetbit]

In last week bitcoin price because of Chines police regarding  BTC and made affect for rate so here China have higher rate  it's rights or not

We can't denied it actually most bitcoin mining farm are present or located on that country. But taking that way boastfully they started make no sense after all. As they made that move more investors will eventually withdraw support to china and do business at Japan where bitcoin is legalized.

[nickfury]

Perhaps investors are moving into the Japanese market, where BTC has been accepted.
The end of this September we will know the exact statement of China about ICO and BTC.
I hope everything will go well and that the market will stabilize.

[skorupi17]

In last week bitcoin price because of Chines police regarding  BTC and made affect for rate so here China have higher rate  it's rights or not

It could be true since China has the biggest percentage on Bitcoin miners in the whole world. However, having a high amount of Bitcoin won't change anything. They might have a huge volume of Bitcoins then what? Nothing. They can dump all they want, a crash on Bitcoin's price is preferred by many people.

[InvoKing]

In last week bitcoin price because of Chines police regarding  BTC and made affect for rate so here China have higher rate  it's rights or not

It could be true since China has the biggest percentage on Bitcoin miners in the whole world. However, having a high amount of Bitcoin won't change anything. They might have a huge volume of Bitcoins then what? Nothing. They can dump all they want, a crash on Bitcoin's price is preferred by many people.

If the mining activity will cease by the biggest mining companies then welcome back mining with cpu/gpu and let's try to get a piece of the bitcoin cake 

[pitham1]

Perhaps investors are moving into the Japanese market, where BTC has been accepted.
The end of this September we will know the exact statement of China about ICO and BTC.
I hope everything will go well and that the market will stabilize.

The Chinese are a bit fickle and can change their stance easily. So don't give too much weightage to the clarification given by Chinese government towards the end of the month. They can withdraw their consent at any moment.

[Hamstead]

Perhaps investors are moving into the Japanese market, where BTC has been accepted.
The end of this September we will know the exact statement of China about ICO and BTC.
I hope everything will go well and that the market will stabilize.

The Chinese are a bit fickle and can change their stance easily. So don't give too much weightage to the clarification given by Chinese government towards the end of the month. They can withdraw their consent at any moment.

We just considered  this issues as part of bitcoins life. As it become highly demand in the market the more it become vulnerable to many attacks. Is just a matter of competition, the one who survive is the one who will win the competition. And bitcoin have its own stamina to fight against others.

[albertvert]

Perhaps investors are moving into the Japanese market, where BTC has been accepted.
The end of this September we will know the exact statement of China about ICO and BTC.
I hope everything will go well and that the market will stabilize.

The Chinese are a bit fickle and can change their stance easily. So don't give too much weightage to the clarification given by Chinese government towards the end of the month. They can withdraw their consent at any moment.

We just considered  this issues as part of bitcoins life. As it become highly demand in the market the more it become vulnerable to many attacks. Is just a matter of competition, the one who survive is the one who will win the competition. And bitcoin have its own stamina to fight against others.

Yes now in China is increased the value of bitcoin and The Chinese are a bit fickle and can change their stance easily. So don't give too much weightage to the clarification given by Chinese government towards the end of the month.and the competition about the bitcoin is increased in all the country and in very high price in the China  have a higher amount of bitcoin.