yes, due to its large mining pool.
But it doesn't mean that the government can intervene to its currency
Topic: Is CHINA CONTROLLING Bitcoin? (Read 92645 times)
Actually China has the highest number of users and miners as well.So having Chinese as the mining farm worker actually does not mean that they control over Bitcoin itself.
China plays a very important role in the crypto world and everyone knows that some of the biggest Bitcoin investors/whales are from China indeed. Is this country controlling Bitcoin, is not an easy question to answer, but I'm sure that it has a very big influence on the crypto market in general. Not only Chaina, but whole Asia.
If you say china directly control the bitcoin, of course not because basically bitcoin can not be controlled by anyone. But perhaps with the biggest market in china, it will have an impact on rising and falling bitcoin prices. It just seems to have an impact on the market situation, not on the bitcoin system.
that is, the big market in China is very influential on price movement of bitcoin. because the possibility of circulation of money there is very large, therefore it can be like controlling bitcoin prices, but it is not. bitcoin prices move based on market conditions.
If you say china directly control the bitcoin, of course not because basically bitcoin can not be controlled by anyone. But perhaps with the biggest market in china, it will have an impact on rising and falling bitcoin prices. It just seems to have an impact on the market situation, not on the bitcoin system.
no person controls Bitcoin, just as no one has email operation era. Bitcoin is managed via all its customers worldwide. builders can indeed enhance Bitcoin software program, however they cannot enforce adjustments within the Bitcoin protocol because all users are loose to pick the software and model they need to use.
yep, China is the country who hold the majority of bitcoin available world wide! this firs big farms were born in China and USA!
so I'm not surprised to know that Chinese can control the price of Bitcoin!
China maybe is also going to rule the world in only a decade...
so I'm not surprised to know that Chinese can control the price of Bitcoin!
China maybe is also going to rule the world in only a decade...
You may be right. The Chinese yuan is soon going to become the worlds next reserve currency. China FTW!
Doubtful.
It is obvious that the IMF is grooming the Special Drawing Right (SDR) as the new world reserve currency. There is also a quite compelling argument that Chinas massive purchases of Gold is in order to pull their gold_reserve/GDP ratio in line with that of other major currencies, such that the Yuan can be included in the basket that makes up the SDR. The G7/G20 act like the insiders are fully invested in these plans.
Will crypto waylay their plans? Probably not in the near term. We can hope for the longer term. Perhaps.
As long as someone bumps murrica out of the lead I don’t care. No one will ever accept SDR as the worlds reserve currency but the Yuan has been third in line in the SDR since 2015.
YES they do and its a rather large percentage
On my own opinion, no one would control it. They could invested a lot on it through mining but controlling bitcoin itself is totally impossible.
They have massive user of bitcoin, they change there rolls and it will impact on bitcoin. they haven't full control.
China could not control it but the businessmen in China could. They pump and dump on their own advantage. And, the majority of btc farm is in China which could greatly affect the market.
No big company will invest there investment in vouge things.Because bitcoin haven't any physical prove. Without evidence any company won't invest in bitcoin.
We as a whole think chinese are the biggest excavators of bitcoin yet I don't figure this can be considered as chinese controlling bitcoin as each one of those mining power are very much circulated all through china so nobody mining organization can control the bitcoin record. So it might in any case be viewed as very much decentralized inside china and china as greatest mining nation.
YES they do and its a rather large percentage
On my own opinion, no one would control it. They could invested a lot on it through mining but controlling bitcoin itself is totally impossible.
yes Bitcoin is created by Chinese computers in China
Look this chart all bigest enterprises are Chinese
https://blockchain.info/fr/pools
Bitcoin creator who is a unknown person is called shatoshi nakamoto. On one knows where is live. and Is this one person or a group of person no one knows. Look this chart all bigest enterprises are Chinese
https://blockchain.info/fr/pools
No,
China didn't control bitcoin, but china has a big user of bitcoin.
if china govt. make roll for china people, they should follow it and that's why if china do any thing there roll it will effect on bitcoin.
China didn't control bitcoin, but china has a big user of bitcoin.
if china govt. make roll for china people, they should follow it and that's why if china do any thing there roll it will effect on bitcoin.
It's more a calculated influence than control. Bitcoin is a small market cap at around 12 billion. This means that just a few million dollars from China, into or out of the market, will impact short term pricing.
yes Bitcoin is created by Chinese computers in China
Look this chart all bigest enterprises are Chinese
https://blockchain.info/fr/pools
Look this chart all bigest enterprises are Chinese
https://blockchain.info/fr/pools
People here have claimed that Bitcoin is in fact controlled and ruled by China, as mining is centralized by Chinese mining institutions.
Do you think that China is controlling/ruling bitcoin yes or no?
i think china can not controlling bitcoin and impossible to control it the china is a big country and big percentage if the bitcoin ban in china the value of bitcoin is down to low. Do you think that China is controlling/ruling bitcoin yes or no?
i think yes . china is a big country and china can buy anything
People here have claimed that Bitcoin is in fact controlled and ruled by China, as mining is centralized by Chinese mining institutions.
Do you think that China is controlling/ruling bitcoin yes or no?
I do not think China will or can control bitcoin. It is not only them who are investors and supporting bitcoin. Japan and other European countries are also supporting bitcoin. Do you think that China is controlling/ruling bitcoin yes or no?
China could not control it but the businessmen in China could. They pump and dump on their own advantage. And, the majority of btc farm is in China which could greatly affect the market.
People here have claimed that Bitcoin is in fact controlled and ruled by China, as mining is centralized by Chinese mining institutions.
Do you think that China is controlling/ruling bitcoin yes or no?
No china is not controlling bitcoin/cryptocurrency beside China is now ban bitcoin and cryptocurrency no one and nobody can control or ruled bitcoin because of its nature of being decentralized distributed maybe China is a great influencer but never be a ruler. Do you think that China is controlling/ruling bitcoin yes or no?
Jump to: