China? - page 3. | Bitcointalksearch.org

Hazir

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Quote from: Mike Mayor on February 12, 2017, 02:02:06 PM

Quote from: crazyivan on February 12, 2017, 01:06:15 PM

Fuck China. They always complain how something affect their economy in a negative way. They affect their economy in a negative way trying to control EVERYTHING.

Yes because China is communistic.

Not exactly, they are led by a Communist party, that is correct. But economically China is more capitalistic that the US.Chinese people embraced capitalism.
It is true that it is form of state capitalism with quasi free market and government can control every aspect of internal Chinese economy.

pewe

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I think china concerns on the bitcoin economy pose a security threat associated with increased capital flight that relies bitcoin

warwar

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Quote from: HarringtonStark on February 15, 2017, 08:44:52 PM

No! No one controls bitcoin. It's just that China has high volume.

I think the same tho.I think it is just about chinas population why many is tricked by things that is china controlling bitcoins.We know that china as very huge population and many of that population is surely using bitcoins as investments and capitals on businesses.And many rich businessmens are in china and one of the cause of big traffics on china in terms of bitcoin

digaran

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Yes China is generating bitcoins, China also produces apple products, they also manufacture 30% of the world's electronics because everything is cheap there, like work force, electricity, resources. what is control any ways? can you still buy and sell bitcoin or not?

HarringtonStark

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No! No one controls bitcoin. It's just that China has high volume.

Wintersoldier

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Quote from: Vaskiy on February 15, 2017, 08:35:28 PM

Quote from: CryptoVzla on February 15, 2017, 08:16:12 PM

China will not (technically) control BTC but chinese miners can manipulate prices and profit of it. That's all i see

As the miners and user base of digital currency is quite high in China compared to other countries gives it the access to manipulate the price movement. Now this is no longer effective and don't have any control upon the bitcoin. If its found under their control, the system could have changed entirely.

I agree, huge miners are in China. Bicoin isn't controlled by one country including China since Bitcin is decentralized coin. Bitcoin holders are involved in Bitcoin, we are included there. So if every Bitcoin holders decided to sell their Bitcoin, sure that the Bitcoin's price will dump, that is market based.

Vaskiy

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Quote from: CryptoVzla on February 15, 2017, 08:16:12 PM

China will not (technically) control BTC but chinese miners can manipulate prices and profit of it. That's all i see

As the miners and user base of digital currency is quite high in China compared to other countries gives it the access to manipulate the price movement. Now this is no longer effective and don't have any control upon the bitcoin. If its found under their control, the system could have changed entirely.

rubiprojects

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Quote from: crazyivan on February 12, 2017, 01:06:15 PM

Fuck China. They always complain how something affect their economy in a negative way. They affect their economy in a negative way trying to control EVERYTHING.

They thought bitcoin is ponzi or MLM scam in 2013. But now PBOC release their own digital currency based on blockchain, they want to impair bitcoin's power. Because many Chinese buy bitcoin to prevent CNY inflation and devaluation.

CryptoVzla

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China will not (technically) control BTC but chinese miners can manipulate prices and profit of it. That's all i see

lambofan

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Quote from: PhucS on February 12, 2017, 05:41:04 PM

This is a difficult question because I could not answer precisely. A country can not control a major currency like Bitcoin, but China also has the most influence to it. Number of transactions daily Bitcoin in China is huge, they have a lot of users, Bitcoin is almost common to all Chinese people. They have many favorable factors such as cheap electricity, have good technology, high number of transactions. These factors have increased the number of Bitcoin mining in China. On the other hand, the Chinese government is also taking measures to regulate capital flows, monitoring the big trading floor. China can not control Bitcoin but it certainly affects Bitcoin.

After seeing the price bordering $1000 this day, no doubt indicates that somehow the price is controlled somehow sometimes, as if in some way or another the exchanges agree, and the latest relevant news of this week comes from China, everything is conjugated, so China certainly plays an important role in the market.

Yakamoto

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Quote from: solteykr on January 10, 2017, 12:27:03 AM

Is China trying to control Bitcoin?

The Bitcoin community within China is definitely looking to do what they can in order to flex more of their power over Bitcoin and attempt to gain an even larger market share, however I am significantly doubting the effectiveness of it all since they're only leading in hashing power right now and have a lack of control in other aspects.

Not that hashing power isn't important, but there is a number of things that must be controlled.

PhucS

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This is a difficult question because I could not answer precisely. A country can not control a major currency like Bitcoin, but China also has the most influence to it. Number of transactions daily Bitcoin in China is huge, they have a lot of users, Bitcoin is almost common to all Chinese people. They have many favorable factors such as cheap electricity, have good technology, high number of transactions. These factors have increased the number of Bitcoin mining in China. On the other hand, the Chinese government is also taking measures to regulate capital flows, monitoring the big trading floor. China can not control Bitcoin but it certainly affects Bitcoin.

Pattberry

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Quote from: CryptoVzla on February 12, 2017, 02:21:21 PM

I don't think that the HUGE amount of Bitcoin users in China are associate to "control" the bitcoin network, i mean if they join forces, they probably would control the network but that's not going to happen.

Have you considered the huge miners with very huge farms who have invested millions of dollars .They could very well influence the price of bitcoin and consider the news coming out of China when ever the price of bitcoin crosses thousand dollars,there will be some sort of drama and news coming out from China to pull the price down.

LibreMan

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Quote from: solteykr on January 10, 2017, 12:27:03 AM

Is China trying to control Bitcoin?

I think that the news was made intentionally. When the price of bitcoin increases, negative news comes out.
Then the price of bitcoin is falling. They are starting to buy more btc at a low price. Then the price of bitcoin comes back to normal price.

This scenario is happening all the time. I think China controls the bitcoin.

mrkevio

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China has the control over mining pretty much. If you take a look at the charts, you will see that China has the highest percentage, over 60% or 80% if I remember correctly. It has a somewhat control over it because there is the most trading volume too..

asuryan180

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China can't control BTC but it can for sure influence it some way or another.The most miners are in China which automatically means the biggest part of BTC holders and that cannot be neglected.I think that China can make BTC shoot to the stars but can also drag it down.

bitgoldpanther1978

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Quote from: solteykr on January 10, 2017, 12:27:03 AM

Is China trying to control Bitcoin?

Even it is there intention to control it, they still cannot do it because bitcoin is not being centralized instead it is decentralized. Only they owned title of holding the biggest average percentage of bitcoin in the whole world. But not controlling it.

CryptoVzla

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I don't think that the HUGE amount of Bitcoin users in China are associate to "control" the bitcoin network, i mean if they join forces, they probably would control the network but that's not going to happen.

BingoDog

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China saw some great potential in bitcoin and they wanted to get maximum profit out of it in their best interest. Some think that this includes control of bitcoins but I don't think that is actualy possible. They have large influence on price and bitcoin market but still they can't control it.

Mike Mayor

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Quote from: mining1 on January 11, 2017, 12:58:30 PM

China does control bitcoin. Chinese government, if they want to, can crash bitcoin / shut it down at any time. Because bitcoin is mostly centralized in china. I was thinking about buying some bitcoins for the next halving, but nowadays china will try to control bitcoin, and that may cause panic exit to fiat, therefore price crash.

Please explain to me how bitcoon can be shut down ? You just make stuff up as you go hey ? You dont even n ow what you talking about.

Quote from: crazyivan on February 12, 2017, 01:06:15 PM

Fuck China. They always complain how something affect their economy in a negative way. They affect their economy in a negative way trying to control EVERYTHING.

Yes because China is communistic.

Quote from: Gloiri on February 12, 2017, 12:54:01 PM

Quote from: solteykr on January 10, 2017, 12:27:03 AM

Is China trying to control Bitcoin?

NO there's top 10 countries in which bitcoins are banned and china also include in that list you can google it if you want proof i don't think they're trying to do work on bit coins

You should learn how to read. Private trading is fine but ownaship of bitcoin from places like banks is not allowed. Look on wiki.

Topic: China? - page 3. (Read 3450 times)