Is China the core up holder of Bitcoin?

[ladyber]

Hey guys,
On Tuesday, I hard on the news that 'Bitcoin fell by another $300 on Tuesday after the fallout of a Chinese ban on cryptocurrency crowdfunding ' .
So I have been thinking, is China the core up holder of Bitcoin? If they totally ban bitcoin, will the price of bitcoin totally reduce?

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[Newboybb]

But China still has a large share of the cryptocurrency market.
So in my opinion, China's influence on the price of bitcoin is still very large.

[qiwoman2]

They mined most of it so I am sure they are bagholding a ton of it right now and just unloading bit by bit on everyone. I also think every time there is just a tiny bit of FUD or negative news, everyone is unloading until they squeeze out every ounce of profit they can get and move on to other stuff, OR they are unloading so the panic sellers can capitulate and the market crash, so they can buy up a lot more at much cheaper prices. That's what the rich people do to become richer.

[ngoan]

The country has more bitcoin than other countries. Bitcoins are also partially damaged by Chinese commands. In addition there are many other reasons. Trust that bitcon will go up at the end of the year

[shafi alam]

China hold maximum bitcoin share. that's why if Chinese govt. give a news all people of china start to panic and do sell. but in the situation if can hold our position it could be profitable.

[contrau]

China's influence on the price of bitcoin is still very large

[roffie]

China is one of the major contributor countries in cryptocurrency 

[First77]

China's influence on the price of bitcoin is still very large

China is the biggest market for all the products and services. Russia and China signed $400 billion deals for 10 years.

[goku21]

I think china does not want bitcoin because maybe it's a bitcoin bitcoin so they do not want bitcoin but other people in china want bitcoin because of its future for the poor people so they can assemble even money can only support their families

[blizzard31]

We all know that there are alot of chinese business man and most of the chinese people are business minded, perhaps it can be also the reason why bitcoin is affected by china ban on crypto but that doesn't mean they are the core holders, because if they are, bitcoin must probably very devastated now.

[Kakmakr]

China is quickly becoming the country with the strongest economy in the world, so anything that they do, will have a ripple affect in the financial world. The ban on ICOs and crowd funding has been a controversial subject for a long time now, because this scene is riddled with scams. So it is no wonder that the Chinese government would issue some kind of restriction on capital flowing into these scams. <and even the legitimate projects>

Capital control is crucial to their strategy to become the strongest economy in the world.

[Gathel]

if practically China holds the core of Bitcoin I think it is not because bitcoin is developed many people, only in China many bitcoin trading activity and other altcoin.

[stimliall]

China is the most populous country in the world, and BTC users are also the most!
The Chinese government’s ban does affect BTC’s prices, but many Chinese blockchain companies have gone abroad to develop cryptocurrencies!
I believe that China will reopen the cryptocurrency market in the near future!

[rudox]

China's population is what makes whenever they sneeze bitcoin will shake. They have a good numbers of bitcoin holders and exchanges. Banning Bitcoin completely by China will effect their citizens and also their economy. I do not think the will go all the way to ban cryptocurrencies. I think they will make do with regulations.

[SUDARMONO]

Bitcoin is widely owned by every country but I think it is true that China is the most bitcoin owner of the world, so the news from China is very influential with bitcoin prices.

[faithofb]

Certainly they are because they hold the largest mining farm in the world and also their population is stil a plus to them..

[pocket_lck]

Yes it is true that china is the largest bitcoin holder, therefore every news or step china about cryptocurrency is very influential with the price.

[Svafnir74]

Yes, there are a lot of investors in bitcoin in China. Therefore, any news from China have a great influence on the price of bitcoin. In addition to investors, there are also a lot of bitcoin miners in China. All this also has an impact on bitcoin.

[Kotone]

Hey guys,
On Tuesday, I hard on the news that 'Bitcoin fell by another $300 on Tuesday after the fallout of a Chinese ban on cryptocurrency crowdfunding ' .
So I have been thinking, is China the core up holder of Bitcoin? If they totally ban bitcoin, will the price of bitcoin totally reduce?

Well I do think that China as a superpower has a large influence over everything especially on financial and exonmic concerns. That is why their mere presence on the cryptocurrency market can make or break anything that is in their territory. There have been talks and a lot of chatter that china has a nefarious plan that would benefit them and it starts by banning cryptocurreny they have a stranglehold on it now but I still think it is doable in the long run

[Missterio]

I think China is one of the major holders as well as the US