It's clear now China have higher amount bitcoin

[Mtoo]

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

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[Cloud27]

Do you mean the Chinese policy towards ICO and exchanges? if so, yes, it really affected the bitcoin price. The Chinese investors somehow sold their bitcoin at lower price and other investor in other countries also made them to sell their bitcoin.

[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

We have always known that the Chinese have a great deal of bitcoin that is nothing new and we have known as a fact that the influence of the Chinese goes higher than that since most miners are form china and the Chinese government is bent on regulating the Chinese exchanges, so this is nothing new.

[betudontbet]

The biggest farms in the world are held on China is obvious that any kind of FUD or real news that will cause bitcoin to move an step back will  influence directly on the price because people are the ones who hold the btc, not the  goverment.

[aso118]

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.

[DaMut]

Chinese is the leader in the economy in our beautiful world,
which mean they're the most richest people in our world and can determine most of our economy.
and that is happened in our cryptoworld,they're the biggest miners in the world which mean,absolutely they're the biggest Bitcoin holders.
that is why they can affecting the price by only making some statements.
but they're not a fools,they did it intentionally,they know we will facing a hardfork in a few months later.
that is why they made that statements to trigger the weak hands and holders to sell their belongings.
but i believe it will not last long because they will enable it again and allow it again just like before

[Seansky]

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

Even if it is made clear that Chinese have higher amount of bitcoins before the dump happened, maybe it is also clear now that many bitcoin has been sold by Chinese therefore it is not that clear now whether if Chinese is still the one with more bitcoin or another country has a lot more btc now. We will know for sure if another bad news from China will be seen a week or month from now.

[bryant.coleman]

The biggest farms in the world are held on China is obvious that any kind of FUD or real news that will cause bitcoin to move an step back will  influence directly on the price because people are the ones who hold the btc, not the  goverment.

It is true that the largest Bitcoin mining farms are based out of China. But if the Chinese government bans the exchanges, how these people are going to sell their coins? After all, they have to cover the expenses, such as hardware, electricity, manpower, air-conditioning, rent.etc. If they are not allowed to sell the coins, how they are going to survive?

[Javi_Anibarro]

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

[SummerBliss]

The effect would have been same even if it was some other country with a considerable part in cryptocurrency market. China is indeed a big player in crypto world with maximum hashing power. Any negative news coming from such country definitely spread a sense of fear in investor. But don't forget Bitcoin is decentralized. In no time the hold will shift to some countries. One player goes down, many are already ready to take its place. Japan is working positively in that direction.

[michkima]

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

Uhm, first off, I didn't understand what you are asking here. But I'll try to answer to the best of my understanding of your question. You are saying that because of Chinese regulators (not the police) prices of bitcoins went down. That is partly true, but I think it is just because of mass panic seeing prices go down and people just bandwagon-ed it and also sold their bitcoins.

[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.

[amacar2]

China used to hold 30% of trading volume daily but these days it has been dropped significantly, market is still uncertain and price can easily move to any direction most likely it will be dumped hard again when all Chinese will sell off to make a safe exit before their government will completely ban bitcoin.

[777Bitcoin]

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

They have the capacity in affecting bitcoin price when they want to but it was before the recovery on today's price. After what they done and if they tried the same thing over again it wouldn't be as significant as the last time. They're pride put them on bad light and future policy will not much any means to be tolerated and to be ignored by most investors as they just want attention that they don't deserve.

[bitbob82]

The biggest farms in the world are held on China is obvious that any kind of FUD or real news that will cause bitcoin to move an step back will  influence directly on the price because people are the ones who hold the btc, not the  goverment.

It is right that  people are the one who hold the bitcoin and in real sense people have the influence on bitcoin not government. We are seeing that bitcoin has crossed the figure 4000$ once again although speculations are around the bitcoin. People of China is interested in bitcoin and China government can’t take any action against bitcoin because bitcoin is a decentralized currency.

[Natsuu]

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

No wonder they succeed on their plan.
Spreading fuds and trolling around are one of their usual tactics to make a sudden commotion so weak hands are dumping while China is busy collecting coins. So let's just ride the train because they'll make this hype to get their profit.

[DustyRah]

Chinese is the leader in the economy in our beautiful world,
which mean they're the most richest people in our world and can determine most of our economy.
and that is happened in our cryptoworld,they're the biggest miners in the world which mean,absolutely they're the biggest Bitcoin holders.
that is why they can affecting the price by only making some statements.
but they're not a fools,they did it intentionally,they know we will facing a hardfork in a few months later.
that is why they made that statements to trigger the weak hands and holders to sell their belongings.
but i believe it will not last long because they will enable it again and allow it again just like before

Actually, if you take a look at the share of transactions, Chinese share dropped significantly and US, Korea and Japan have taken up most of the share. This will be a prime example of how China does not matter to Bitcoin and you will see the price go back to $5000.

Chinese government is an insecure baby whose primary goal is the be under control of EVERYTHING inside China. They will keep crying like a baby ever so often so its better if they cut off Bitcoin now completely and get out of the game so we can all move on.

[alyssa85]

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's because they are desperately trying to sell for fiat and withdraw from the exchanges before Seot 30th. (I don't think they can withdraw bitcoin - pretty sure the Chinese banned that in Feb while they were investigating the exchanges).

[btc78]

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

Pretty obvious because they have total control of the hashing and mining power. They have like 60-80% of the bitcoin mining farms so its no surprise that they have put a significant dent in the market price in the last couple of weeks. And you have to remember that China is one of the earliest adopters of bitcoin as well so no wonder that the news coming from them has somewhat crash the price. But let's move forward and forgot the influence that the Chinese has to bitcoin. Bitcoin is unstoppable and even without them, bitcoin can still survived.

[fanbeila]

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

Even if it is made clear that Chinese have higher amount of bitcoins before the dump happened, maybe it is also clear now that many bitcoin has been sold by Chinese therefore it is not that clear now whether if Chinese is still the one with more bitcoin or another country has a lot more btc now. We will know for sure if another bad news from China will be seen a week or month from now.

Yes,since most of bitcoins held by chinese were sold earlier when china banned ICOs and regulated bitcoin exchanges which resulted in its price fall last week.But as most of it were bought by investors from other countries,soon its price recovered and its price reached $4,000.But now,we exactly don't know whether now china still have lion's share of bitcoin or not.Now,the only factor for which still bitcoin is depending upon china is the large number of mining farms located still in china.If we have more mining farms in other parts of world too,then bitcoin would get completely free from depending on china.