Topic: Does China Control Bitcoin? - page 10. (Read 9270 times)
China does not control bitcoin because bitcoin is banned in china and other cryptocurrencies that they think it is full of fraud and scams, but they regulate blockchain technology, that is why they are creating their own digital currency just Facebook Libra which it could also be centralized.
I wouldn't call it "controlling bitcoin" but I would say they do have the biggest weapon in the war of crypto currency. They are super rich, they don't care about emissions or any other pollution related stuff, they can have the biggest mines, they have cheap electricity (I don't know how) and they are basically the worlds economy leader now, sure USA is good but China seems even better lately.
In short, they are not really controlling it but they are shaping it the way they want whenever they can, not like they can, they can't for example change the 21 million maximum to 22 million maximum, that is not in their power which means they don't control it, but at the end they still can manipulate the price of bitcoin, which is not a big deal but its at least something.
I agree with every of the point you have here, when we talk of them controlling bitcoin, I am sure we would not be looking at the aspect of them being able to control the supply but the value is what they can control, and they may actually have a hand in the ways and manners for which the value of bitcoin fluctuates, but I believe that somehow, there will be a day that even china being the largest and richest country will not be able to manipulate the coin and this is where Satoshi becomes more intelligent than them. In short, they are not really controlling it but they are shaping it the way they want whenever they can, not like they can, they can't for example change the 21 million maximum to 22 million maximum, that is not in their power which means they don't control it, but at the end they still can manipulate the price of bitcoin, which is not a big deal but its at least something.
They are able to manipulate the coin because there are still coins to be mined, and when it gets to that point where they will not have any coin to be manipulated, I am sure that their power will be reduced a little bit in the regulation of this coin.
No. China don't have any control to bitcoin because bitcoin is decentralized which no one can control bitcoin, and bitcoin is banned in China. But i heard China starts to regulate blockchain technology, that is why they are now launching their own coin just like Facebook's Libra Coin.
They are not totally banned crypto, they are just making decision to cut out bitcoin mining. but that announcement make an big trouble for them because there is a lot of miners in china. so this decision of them are very difficult. may they lost a lot and people are never trust them about blockchain legalities. but this are not totally discharged and carried out yet. so there no treat about it. they will make a big history soon about blockchain and cryptocurrency. hope for a positive out come.
No country can control bitcoin.
You say so maybe because any information (good/bad) released by China will definitely have a big impact, you are not wrong (if you think like that), just as any information (good/bad) released by America will also have a big impact too. because these 2 countries are big countries that affect global economic conditions including bitcoin itself which can be affected.
bitcoin can't be controlled but if feel the impact of the global economy, it's very clear right now.
in my opinion the current price of bitcoin is also due to slowing global economic conditions.
You say so maybe because any information (good/bad) released by China will definitely have a big impact, you are not wrong (if you think like that), just as any information (good/bad) released by America will also have a big impact too. because these 2 countries are big countries that affect global economic conditions including bitcoin itself which can be affected.
bitcoin can't be controlled but if feel the impact of the global economy, it's very clear right now.
in my opinion the current price of bitcoin is also due to slowing global economic conditions.
As far as I know, there is a lot of whales in cryptocurrency market and they are not just in China so it is clearly it is not China that control the Bitcoin but the whales around the world. They have a lot of money or capital to manipulate the market so bitcoin will be on their favor. It is inevitable to experience manipulation especially with this decentralized market of cryptocurrency.
I don't think anyone can control bitcoin even though in a country it has a holder. On the other hand, if indeed the Chinese government wants to destroy bitcoin, what do their people buy it for? I think this is just a mental game. They spread this to get bitcoin from Weakhand at the price they wanted. All of this is just a matter of buying and selling games that are wrapped up with issues of state, institutions, people, etc. or what we usually call fundamental analysis. And all lead to profits and profits, both in money and strength.
I do not think so. In my view China would only be the primary sector (the one that generates the material) because the cost is lower compared to other countries, so everything it generates there goes to more developed and rich countries.
Isn't Bitcoin decentralized and without of control of any country or institution? So, how could then China control Bitcoin and what are actuall indicators to prove that?
For me this is another conspiracy theory and I don't pay much attention to that.
Chinese bitcoiners and chinese miners are influental in community but we can't talk on control.
Yes, it is fully decentralized and not even a powerful country has control over it. For me this is another conspiracy theory and I don't pay much attention to that.
Chinese bitcoiners and chinese miners are influental in community but we can't talk on control.
I also don't remember that they lift the ban on bitcoin in their country. They adopt blockchain technology but there is no news update regarding that, it is clear that they don't control it.
but if not that won't happen !, I know China has an important role and a big impact for bitcoin because China is a country big after the United States,
if China is able to legalize bitcoin there, the price of Bitcoin I'm sure will go fast like a rocket
Isn't Bitcoin decentralized and without of control of any country or institution? So, how could then China control Bitcoin and what are actuall indicators to prove that?
For me this is another conspiracy theory and I don't pay much attention to that.
Chinese bitcoiners and chinese miners are influental in community but we can't talk on control.
Yes, it is fully decentralized and not even a powerful country has control over it. For me this is another conspiracy theory and I don't pay much attention to that.
Chinese bitcoiners and chinese miners are influental in community but we can't talk on control.
I also don't remember that they lift the ban on bitcoin in their country. They adopt blockchain technology but there is no news update regarding that, it is clear that they don't control it.
Bitcoin is not entirely controlled by a single country or single body. Bitcoin is decentralized hence the cumulative activities of its users on the market determines its price trend on the market. Although China holds the largest population of Bitcoin users due to the numerous exchange sites from China, every Bitcoin user across the globe has a part to play in the determination of the price trend of Bitcoin.
You need to understand the fact that btc and other cryptocurrencies being decentralized in nature cannot be controlled by any governmemt,insititution or any other individual.Thats why they are free to operate in market and volatility depends upon on market demand and supply.Although china control network and being center of mining have influence on prices but mining farms are present in different parts of world so they do not contribute much to the market and btc have value as it is free from any political issues.
No. China don't have any control to bitcoin because bitcoin is decentralized which no one can control bitcoin, and bitcoin is banned in China. But i heard China starts to regulate blockchain technology, that is why they are now launching their own coin just like Facebook's Libra Coin.
China cannot control bitcoin as the coin is decentralized in nature. Due to this, it has no central authority or server. Though it tried hard to take over it because China understands the importance of this coin. However, it pathetically failed every time. Bitcoin cannot be tamed and this is one of the most cherished feature of crypto king. China is just trying to get the power from bitcoin. 
Isn't Bitcoin decentralized and without of control of any country or institution? So, how could then China control Bitcoin and what are actuall indicators to prove that?
For me this is another conspiracy theory and I don't pay much attention to that.
Chinese bitcoiners and chinese miners are influental in community but we can't talk on control.
For me this is another conspiracy theory and I don't pay much attention to that.
Chinese bitcoiners and chinese miners are influental in community but we can't talk on control.
Actually it depends on how much China is holding bitcoin so those who hold in a lot of it as if will have the power to set the price, and we also know the most shareholders in the crypto market is in Asia, so maybe China's one of the most holders after Korea.
Despite the Chinese president's ban on Bitcoin and other crypto, imagine that bitcoin is legal.
Despite the Chinese president's ban on Bitcoin and other crypto, imagine that bitcoin is legal.
China does what ever it wants and controlling bitcoin can be an easy method for them. They ban bitcoin in the first place then maybe the reason for this is to destroy it so that people cant use it anymore. At any chance, they can launch their own crypto that can be more powerful than bitcoin to control international currency systems.
there are up four miners in china that control over 50% in bitcoin.in china, bitcoin is one thing and in America and Europe it is another thing.the sites exchanges are controlled by usa .we can say that bitcoin is controlled by china and usa and russia . but investors of all world also have little effect
these countries was super power in the world and its not strange if they could control bitcoin price or whatever.with huge resources usa ,china , rusia could do anything they want .so market could easiky crash or pump when these countries issue positive or good news in market. We can look at last news from china that make flash pump. Its only few example that show how china has power. 
I wouldn't call it "controlling bitcoin" but I would say they do have the biggest weapon in the war of crypto currency. They are super rich, they don't care about emissions or any other pollution related stuff, they can have the biggest mines, they have cheap electricity (I don't know how) and they are basically the worlds economy leader now, sure USA is good but China seems even better lately.
In short, they are not really controlling it but they are shaping it the way they want whenever they can, not like they can, they can't for example change the 21 million maximum to 22 million maximum, that is not in their power which means they don't control it, but at the end they still can manipulate the price of bitcoin, which is not a big deal but its at least something.
In short, they are not really controlling it but they are shaping it the way they want whenever they can, not like they can, they can't for example change the 21 million maximum to 22 million maximum, that is not in their power which means they don't control it, but at the end they still can manipulate the price of bitcoin, which is not a big deal but its at least something.
I read that does not control. But it has a large number of supporters of bitcoin and who mineted and traded bitcoin. Based on this, most Bitcoin owners are concentrated in China.
there are up four miners in china that control over 50% in bitcoin.in china, bitcoin is one thing and in America and Europe it is another thing.the sites exchanges are controlled by usa .we can say that bitcoin is controlled by china and usa and russia . but investors of all world also have little effect
china wont control bitcoin any more it is false rumor china is super power to control bitcoin even china got mining developments in china and traders there is no Chinese domination
I also think that China is not a country that controls Bitcoin, because in my opinion everyone who is in Bitcoin trading controls it. No group or country does it. Jump to: